As your child goes through the college search process, consider discussing the different types of colleges for their general education. When I was at college fairs as an admission counselor, I noticed that students didn’t understand the differences between a liberal arts college and community college and a community college and a university.
For example, a student would come to my table and say, “Do you have automotive technology?”
(I worked for a liberal arts college.)
It certainly wasn’t their fault — nobody taught them the differences.
So, what is a community college, exactly?
You might know them as junior or technical colleges serving local communities. Your initial first reaction to the question might even be, “Uhhh… They’re affordable.” But you likely already know there’s more to it than that — but how much more?
Let’s find out the exact community college meaning, degrees offered, degree program length, costs — everything you’ll need to know about community colleges.
What is a Community College?
What are community colleges, besides schools offering 2 year college degrees?
At the risk of sounding like a textbook, here’s the community college definition: A community college, or a junior college or technical college, is a type of educational institution that provides postsecondary education with various programs, including associate degrees, certificates, and diploma programs. These colleges typically serve local communities, and many students can access them.
Community colleges play a crucial role in higher education by providing more affordable options for students who may not be ready or able to attend a four-year university. They often offer two-year associate degree programs, which can be a stepping stone for students who plan to transfer to a four-year institution to complete their bachelor’s degree. Community colleges often provide vocational and technical training programs that prepare students for specific careers.
These institutions are community-oriented and may offer a diverse range of courses, catering to the needs and interests of the local population. Community colleges are known for their flexibility and accessibility. They often focus on practical skills that can lead to immediate employment opportunities.
Is there a community college in your community? Talk with your child about that example so they learn to differentiate between types of colleges. Let’s walk through a few of the tenets of community colleges that make them appealing to the right student.
By the way, what is a junior college vs community college? They are the same thing.
Characteristics of a Community College
What are the major tenets of a community college? Let’s look at some of the broader characteristics of community colleges, starting with two of their hallmarks — accessibility and affordability — because that’s the crux of community colleges, right?
Accessibility
Community colleges strive to provide accessible higher education to many individuals, including recent high school graduates, working adults, and those seeking career advancement or retraining opportunities.
Many community colleges have open admission policies, which means they accept all students who have completed high school or earned a GED certificate, regardless of academic background or achievement.
Affordability
Community colleges generally offer lower tuition than four-year institutions, making higher education more financially feasible for students from diverse socioeconomic backgrounds.
Local Service
Community colleges work in your backyard. They often prioritize serving the needs of their local communities by offering relevant educational programs, workforce development initiatives and community outreach efforts. They actively engage with local businesses, industries, government agencies, and community organizations to address workforce needs, promote economic development, and foster civic engagement.
Community colleges frequently provide pathways for your child to transfer credits to four-year colleges and universities, enabling them to pursue bachelor’s degrees and beyond.
Career and Technical Education (CTE)
Community colleges offer a variety of career-focused programs and vocational training opportunities designed to prepare students for entry into specific industries or professions.
Community colleges serve as hubs for lifelong learning, offering non-credit courses, adult education programs and professional development opportunities for individuals seeking to enhance their skills or pursue personal interests.
Student Support
Community colleges typically offer support services to help students succeed academically, including tutoring, counseling, career advising, and assistance with financial aid and enrollment processes.
Flexibility
Community colleges often provide flexible scheduling options, including evening, weekend, and online courses, to accommodate their student population’s diverse needs and schedules.
Campus Size
Community college campuses can vary widely, and there isn’t a standard size for all community colleges. The size of a community college campus depends on factors such as location, student enrollment, available facilities and programs offered. Some community colleges have smaller campuses serving a more localized population, while others may have larger campuses accommodating more students.
On average, community college campuses can range from a few acres to larger campuses with multiple buildings and facilities. Some are absolutely gargantuan — the size of small universities!
Classes in a community college can vary widely depending on the specific college, the program or major your child chooses and the course level. Community college classes tend to be smaller than those at four-year universities, which may be music to a parents’ ear: More personalized attention from instructors and greater opportunities for class participation.
As you already know, many community college programs focus on practical, hands-on skills that prepare students for specific careers.
Instructors
So, who would be teaching your child at a community college? It’s a great question because you may wonder what credentials community college instructors hold. In truth, they typically hold educational credentials and professional experience. They can vary depending on the college, the subject area, and the course level.
Common credentials that community college instructors have include:
Master’s degrees
Professional experience
Doctorate (Ph.D.) or Ed.D.)
Teaching experience
Industry certifications
Continuing education (ongoing professional development to say current in the field and enhance teaching skills)
Licensure or accreditation
However, you’ll likely feel great realizing that Instructors at community colleges are usually accessible and approachable and generally want to help your child when necessary.
Housing
Community colleges typically have limited on-campus housing options compared to four-year universities. Many community colleges do not provide on-campus housing at all. Students often live:
Off-campus in nearby apartments
Rental housing
At home, with family
However, some community colleges may offer limited on-campus housing options, particularly those in urban or densely populated areas.
If available, the on-campus housing at community colleges is generally more modest than larger universities. It may include dormitory-style rooms or apartments, often with shared facilities. Community college housing is often designed to be more cost-effective and practical, catering to the needs of local and commuting students. Amidst these practical considerations, it’s crucial for students to also think about the security of their personal belongings.
Securing renters insurance for college students is a prudent measure, safeguarding against the unexpected and ensuring that while they benefit from the convenience and affordability of community college housing, they’re also prepared for any unforeseen events.
It’s important to note that the availability and types of housing options can vary significantly between community colleges, so students interested in attending a particular institution should check with that college directly for information on housing options.
Community colleges offer two-year associate degrees, certificate programs, and vocational training. Some of these degrees could be a jumping-off point for a four-year college.
Community colleges offer a variety of degrees and credentials to cater to their students’ diverse needs and goals. The main types of degrees offered at community colleges include:
Associate of Arts (AA): An AAemphasizes the liberal arts (a broad-based education) and is often designed for transfer to a four-year college or university.
Associate of Science (AS): An AS focuses on scientific and technical subjects and may be transfer-oriented.
Associate of Applied Science (AAS): An AAS emphasizes practical skills and vocational training and helps individuals aim for immediate entry into the workforce.
Certificates and diplomas: Short-term programs provide specialized training in a specific field, often leading to entry-level employment. Diploma programs are similar to certificate programs but may have a longer duration and cover a broader range of skills.
Transfer programs: Many community colleges have agreements with four-year institutions to facilitate the seamless transfer of credits. Students can start at a community college and later transfer to a university to complete their bachelor’s degree.
Career and technical education (CTE) programs: You can find CTE programs in health care, information technology, business and manufacturing fields, which provide hands-on training and skills needed for specific careers. They may also offer continuing education for various career types.
General education: Community colleges often provide general education courses that fulfill lower-division requirements for a bachelor’s degree.
Do community colleges all offer the same degrees and programs?
Not at all. They can vary by institution, so have your child check their options at various community colleges. These flexible options make community colleges attractive for individuals seeking affordable education and training for various career paths.
Degree Program Length
The amount of time it’ll take to complete a degree from start to finish depends on the type of program you choose to go after. It usually takes between six months and two years to achieve a degree. Students can take evenings or weekends classes, which can be handy while juggling other responsibilities.
Here’s a general guide to how long it takes to get each degree, but remember there will always be outliers.
Associate of Arts (AA) and Associate of Science (AS): Two years for full-time students
Associate of Applied Science (AAS): Two years for full-time students
Transfer programs: Two years
Career and technical education programs: Vary in duration but generally last no more than two years
General education programs: Some community colleges offer one-year certificate programs, while others may have two-year associate degree programs.
Costs of Community College
In 2023-24, the College Board reported the cost of a public two-year college in-district as $3,990 for full-time students, $100 higher than in 2022-23. The average published (sticker) tuition and fees among other types of colleges include the following:
Public four-year in-state: $11,260, $270 higher than in 2022-23
Public four-year out-of-state: $29,150, $850 higher than in 2022-23
Private nonprofit four-year: $41,540, $1,600 higher than in 2022-23
What do those costs break down to? The costs of attending a community college can vary based on factors such as location, residency status and programs, and they break down into smaller parts:
Tuition and fees: Community colleges generally have lower tuition rates than four-year institutions. Tuition costs can vary based on whether you are an in-state resident, out-of-state resident, or international student.
Textbooks and supplies: The cost of textbooks and required course materials can add to the overall expense. Some students explore options like buying used books or renting to save money. For students tackling academic writing assignments, creating a strong narrative essay outline is an essential skill, especially in community college writing courses.
Transportation: Consider the cost of commuting to and from the community college. This includes gas or diesel, public transportation fees or parking costs.
Housing and living expenses: If you live off-campus, you must budget for housing, utilities, and other living expenses. Commuting students should factor in any additional costs associated with transportation.
Health insurance: Some community colleges require students to have health insurance. If you don’t have coverage through other means, you may need to purchase a health insurance plan through the college.
Technology and equipment: Depending on the program of study, students may need to invest in specific technology or equipment, such as a computer or software.
Personal expenses: Budget for personal expenses like food, clothing and other miscellaneous items.
Student activity fees: Community colleges may charge student activity fees to support campus events, organizations and services.
Tuition and fees can vary significantly from one community college to another. Additionally, in-state residents usually benefit from lower tuition than out-of-state residents. Check the specific community college’s website or contact the college’s financial aid office for detailed information on tuition, fees and other associated expenses. Many community colleges provide a net price calculator on their websites to help estimate the total cost of attendance.
It’s important to explore all available options and work with the community college’s financial aid office to understand your child’s specific financial assistance programs and resources. Additionally, consider budgeting and managing expenses wisely to maximize the available financial resources.
How Community Colleges Differ from Universities
What is a community college vs university? Community colleges and universities are two distinct types of higher education institutions, each with its own characteristics and purposes.
Here are some key differences between community colleges and universities.
Degrees Offered
So, we mentioned the community college degree types earlier. Conversely, universities offer a wide range of degrees, including bachelor’s, master’s and doctoral degrees. Universities are known for providing comprehensive and in-depth education across various disciplines.
Program Duration
Community college programs are generally shorter in duration, with many students completing their education in two years or less. Community colleges often emphasize practical, hands-on training.
University bachelor’s degree programs typically take four years to complete. Master’s and doctoral programs add additional study, research and specialization years.
Admission Criteria
At universities, admission criteria are generally more competitive, with universities seeking students who meet specific academic standards, standardized test scores and other requirements.
Community colleges tend to have smaller classes, allowing for more personalized attention and interaction between students and instructors. Universities may have larger class sizes, especially in introductory courses, and students may interact less directly with professors.
Cost of Tuition
Community colleges provide a more affordable option for students seeking to complete general education requirements or obtain vocational training. Universities generally have higher tuition costs, which can vary based on factors such as the degree program level and whether the student is an in-state or out-of-state resident.
Focus on Research
Community college professors primarily focus on teaching and may have fewer student research opportunities. Community college instructors spend most of their time teaching and working with students. They usually don’t spend as much time working on research as their counterparts at four-year institutions.
At large research universities, professors usually spend a good amount of time conducting original research and often spend less time teaching. Emphasize both teaching and research. Universities often provide research opportunities for students, especially at the graduate level.
Campus Life
Community colleges offer a much different social aspect because most community colleges are commuter colleges. Most students do not live on campus, meaning it has a much less residential community feeling. Universities offer a more traditional campus experience with diverse student activities, clubs and organizations.
So, is one “better” than the other?
Not at all. Community colleges and universities play vital roles in the education system, serving different needs and populations. It depends on your child’s individual goals, preferences and career aspirations. Starting at a community college and later transferring to a university is completely viable.
How Community Colleges Differ from Liberal Arts Colleges
Similar to a university, you will experience a residential community differently at a liberal arts college compared to a community college. First of all, what is a liberal arts college?
Community college students on a four-year track can elect to attend a liberal arts college after two years as a transfer student. Majors will look different at a community college than a liberal arts institution. You’ll find a focus on the classics — you won’t find majors like industrial technology or welding at a liberal arts college. Remember the differences the next time you go to a college fair!
Here are key differences between community colleges and liberal arts colleges.
Degree Offerings
Liberal arts colleges provide bachelor’s degrees in a broad range of liberal arts disciplines. They focus on a well-rounded education emphasizing the liberal arts, including humanities, social sciences, natural sciences and the arts.
Opposed to a curriculum often tailored to meet local workforce needs, liberal arts colleges emphasize a broad-based education focusing on critical thinking, communication skills and a well-rounded understanding of various disciplines.
Program Duration
Liberal arts programs are typically four-year bachelor’s degree programs. Some liberal arts colleges may also offer graduate programs, but the primary focus is on undergraduate education.
Size and Class Structure
Community colleges tend to have larger enrollments, and class sizes can vary. Liberal arts colleges are often smaller, with smaller class sizes that facilitate more personalized attention. The focus is on fostering close interactions between students and faculty.
Admissions Criteria
Liberal arts colleges typically have selective admissions processes (or more so than community colleges, anyway!). They admit students who meet specific academic standards, demonstrate a strong academic background, and show potential for success in a liberal arts environment.
Campus Culture
Liberal arts colleges foster a more intimate and close-knit campus community. Students may be encouraged to participate in a variety of extracurricular activities.
Both community colleges and liberal arts colleges serve important roles in higher education, catering to different educational goals and preferences. Students should consider their career aspirations, academic interests and preferred learning environment when choosing between these institutions.
Pros and Cons of a Community College
There are several reasons students choose to attend a community college — and there are several cons you may want to consider seriously. However, they also depend on your child’s personal preferences and perspectives:
Pros
Pros could include:
Affordable tuition
Flexible schedule
Can be a good way to transition from high school to college
Small class sizes
Convenience of living at home
Can help you figure out what you want to study
Cons
Cons include:
Curriculum is usually limited and less rigorous
Student life is less robust
Commuter school isn’t for everyone
Professors with a terminal degree in their field aren’t the norm
What are your kids’ highest priorities? For example, if our child seeks an active social life and a challenging curriculum. A community college may not be the best fit. On the other hand, if your son’s priority is to save money, and that’s it, then a community college could be the best choice.
Does a Community College Fit Your Child’s Needs?
The value of attending a community college depends on your child’s individual goals, circumstances and career aspirations. Your child can do a lot to consider the cost, transfer opportunities, flexibility, practical training, diversity on campus, long-term goals, class sizes, workforce needs, skill development and transitional support.
Suppose your child wants to use a community college as a stepping stone to a university or find fulfilling careers directly after completing a community college program — all the power to them! The worth of a community college education depends on how well it aligns with your child’s personal and professional objectives.
College is an exciting journey filled with opportunities for growth, learning and self-discovery. However, the financial aspect of higher education can often feel overwhelming. Understanding the ins and outs of college funding is crucial.
When asked, “What is the smartest way to pay for college?” Matt Mayerle, personal finance editor at CreditNinja, suggests, “The smartest approach is to plan early and explore all available financial aid options. Focus on scholarships and grants first since your child doesn’t need to repay them. Then consider federal student loans, as they offer lower interest rates and flexible repayment plans. Finally, create a realistic budget to manage your expenses and minimize the need for additional loans.”
This comprehensive guide will walk you through the various aspects of financing your child’s education, from scholarships and grants to loans and budgeting strategies. By the end, you’ll be equipped with the knowledge to make informed decisions about your child’s college finances.
The Importance of Early Planning
The path to college financial success begins long before your child sets foot on campus. Early planning can significantly impact their ability to fund their education and minimize debt. As soon as your child starts considering college, it’s time to think about how to pay for it.
Mayerle says, “Starting the financial planning process early gives students more options to explore scholarships, grants, and aid packages. It’s crucial to discuss college costs with your family and set realistic goals for minimizing debt.”
Start by having honest conversations with your child about college costs and expectations. Discuss what you as a parent can realistically contribute. Doing so will help you set realistic goals and narrow down your child’s college choices based on affordability.
Research potential schools early and look into their financial aid policies. Some colleges offer generous aid packages, while others may have limited resources. Understanding these differences can help you make more informed decisions when it comes time to apply.
Consider having your child take Advanced Placement (AP) or dual enrollment courses in high school. These can earn them college credits, potentially reducing the time and money they’ll need to spend on their degree.
Financial aid is a crucial component of college funding for many students. It comes in various forms, each with its own set of rules and benefits.
Grants and Scholarships
Grants and scholarships are often referred to as “gift aid” because they don’t need to be repaid. Grants are typically need-based, while scholarships can be awarded based on merit, specific talents, or other criteria.
Federal grants: Pell Grants are provided to students based on their financial need, as assessed through the Free Application for Federal Student Aid (FAFSA). Additionally, state grants may be accessible, varying by your state of residence and the school your child chooses to attend.
Scholarships: These can come from a wide variety of sources, including colleges themselves, private organizations, and local community groups. Don’t limit yourself to just the well-known national scholarships. Many local scholarships have less competition and can be easier to win.
Start the scholarship search early and apply for as many as your child qualifies for. Even small awards can add up and make a difference in their overall college costs.
Federal Student Loans
Federal student loans are often a necessary part of college financing for many students. These loans offer several advantages over private loans, including fixed interest rates, income-driven repayment plans, and potential loan forgiveness programs.
Direct Subsidized loans: Need-based loans that don’t accrue interest while they’re in school.
Direct Unsubsidized loans: Available to all students, regardless of financial need, but they do accrue interest from the time they’re disbursed.
Remember, while loans can help your child achieve their educational goals, they do need to be repaid. At College Money Tips, our goal is to guide your child through the college journey without loans.
Work-Study and Part-Time Jobs
Federal work-study is a program that provides part-time jobs for students with financial need. These jobs are often on campus and can provide valuable work experience while helping your child earn money for college expenses.
Even if your child doesn’t qualify for work-study, consider taking on a part-time job during college. This can help cover living expenses and reduce the amount they need to borrow. Just be sure to balance work with their studies to maintain good academic performance.
Balancing school and work can be challenging for students, but online jobs offer the flexibility needed to fit employment around a busy academic schedule. From virtual tutoring to freelance writing or managing social media accounts, students can gain valuable experience while earning extra income. To explore diverse opportunities, find online jobs on Jooble that align with your skills and availability. These roles can help ease the financial strain of college life while boosting your resume.
Navigating the FAFSA
The Free Application for Federal Student Aid (FAFSA) is a crucial step in accessing many forms of financial aid, including federal grants, loans, and work-study opportunities. Many states and colleges also use the FAFSA to determine eligibility for their aid programs.
Fill out the FAFSA as early as possible each year. The form usually becomes available on October 1 for the following academic year. Some aid is awarded on a first-come, first-served basis, so submitting early can increase your chances of receiving more aid.
Be prepared to provide detailed financial information about you and your child. This includes tax returns, bank statements and information about investments and assets.
Don’t rule yourself out from receiving financial aid. Even if you believe your family’s income is too high, it’s still beneficial to complete the FAFSA. You may be surprised by the aid your child can qualify for, and some institutions require the FAFSA for merit-based scholarships as well.
Understanding Your Financial Aid Award Letter
Once your child has been accepted to a college and submitted the FAFSA, they’ll receive a financial aid award letter. This document outlines the types and amounts of aid offered.
It’s important to carefully review and compare award letters from different schools. Look beyond the total aid amount and consider the types of aid offered. A package with more grants and scholarships is generally better than one with more loans.
Don’t be afraid to reach out to the financial aid office if you have questions or if your financial situation has changed since you submitted your FAFSA. They may be able to adjust your child’s aid package based on new information.
Private Student Loans
If, after exhausting all other options, you still need additional funding, private student loans can help fill the gap. These loans are offered by banks, credit unions and online lenders.
Private loans typically require a credit check and often have higher interest rates than federal loans. They also lack many of the benefits of federal loans, such as income-driven repayment plans and loan forgiveness options.
If you do need to take out private loans, shop around to find the best rates and terms. Your child may need a cosigner, or a creditworthy individual to cosign the loan, which could help your child qualify for better rates.
Mayerle advises, “When considering private loans, compare multiple lenders and carefully review interest rates and repayment terms. Remember, federal loans often have more favorable terms, so nly consider private loans after exploring all other financial aid options.”
Toward the middle of your college journey, you may find yourself needing to reassess your financial situation and explore additional funding options. This is where understanding various credit ranges becomes important, as they can affect your ability to secure private loans or other forms of credit if needed.
Budgeting and Money Management in College
Creating and sticking to a budget is a crucial skill for college students. It can help your child make the most of their financial aid and avoid unnecessary debt.
Start by listing all sources of income, including financial aid, part-time job earnings and any contribution from parents. Then, help your child list all expenses, both fixed (like tuition and rent) and variable expenses (like food and entertainment).
Identify opportunities to reduce expenses for best money management practice. For instance, purchasing used textbooks or renting them can save significant amounts each semester. Make sure to utilize student discounts and seek out free or low-cost activities on campus for entertainment.
Consider using budgeting apps to help track spending and stay on top of finances. Many of these apps are free and can provide valuable insights into your child’s spending habits.
Exploring Alternative Funding Options
While traditional financial aid and loans are the most common ways to fund a college education, there are several alternative options worth exploring. These methods can help reduce your overall costs or provide additional funds for your child’s education and get college paid for.
Income share agreements (ISAs): Some schools and private companies offer ISAs, where you receive funding for your child’s education in exchange for a percentage of future income for a set period after graduation. This can be an attractive option if you’re confident in your child’s future earning potential, but carefully review the terms before committing.
Crowdfunding: Platforms like GoFundMe allow you to create campaigns to raise money for your child’s education. While it may not cover all expenses, crowdfunding can be a way to engage your network and potentially receive contributions from family, friends and even strangers who support your child’s educational goals.
Employer tuition assistance: If your child plans to work while attending school, find out if your child can take advantage of tuition reimbursement programs. Many companies provide this benefit to encourage employees to further their education, which can be a significant help in managing college costs.
Military Benefits: If you’re a veteran or currently serving in the military, your child may be eligible for education benefits through programs like the GI Bill. These can cover a significant portion of your child’s education expenses.
Cooperative education programs: Some colleges offer co-op programs where your child will alternate between periods of full-time study and full-time paid work in their field. This can provide valuable work experience and help offset their education costs.
Remember, while these alternative options can be helpful, they should be considered alongside traditional funding methods. Always carefully evaluate the terms and potential long-term implications of any funding arrangement.
Saving Money on College Expenses
There are many ways to reduce college costs beyond just securing financial aid. Here are some strategies to consider:
Choose a college wisely: In-state public universities are often significantly cheaper than out-of-state or private schools. However, don’t rule out private colleges entirely, as they sometimes offer generous aid packages that can make them competitive with public schools.
Consider community college: Starting at a community college and then transferring to a four-year school can save your child thousands of dollars on tuition.
Look into accelerated degree programs: Some schools offer programs where your child can earn a degree in less time, reducing overall costs.
Take advantage of campus resources: Many colleges offer free tutoring, health services and other resources that can save you child money.
Be smart about housing: Living off-campus with roommates can often be cheaper than on-campus housing. If your child does live on campus, consider becoming a resident assistant (RA) to reduce or eliminate housing costs.
Building Credit Responsibly
While in college, it’s a good time to start building a positive credit history. Doing so can help your child in the future when they need to rent an apartment, buy a car or even refinance their student loans.
Consider getting a student credit card with a low limit. Use it for small, regular expenses that they can pay off in full each month. Encourage them to pay their bills on time, as payment history is the most important factor in their credit score.
Talk to your child about being cautious with credit, though. It’s easy to overspend when you’re not using cash. Only charge what they can afford to pay off each month to avoid high-interest debt.
If your child has taken out student loans, it’s never too early to start thinking about repayment. Understanding repayment options can help them make informed decisions and avoid default.
Federal student loans provide a range of repayment plans tailored to suit different financial needs. One option is income-driven repayment plans, which modify your monthly payments based on your income and family size. It’s important to investigate these plans to find the one that fits your child’s financial situation once they graduate.
Consider making interest payments on unsubsidized loans while your child is still in school. This can prevent their balance from growing due to accrued interest and make repayment easier after graduation.
Seeking Additional Resources and Support
Remember, you’re not alone in navigating the complex world of college financing. There are many resources available to help you and your child make informed decisions. If you need help, reach out to Melissa at College Money Tips. I email every week with more information about how to get a debt-free degree, and I also work with families one-on-one to support them through the process.
Your child’s high school guidance counselor can be a valuable resource for scholarship information and general college planning advice. Once in college, the financial aid office should be your go-to source for questions about aid and managing college costs.
Look for financial literacy programs offered by your school or local community organizations. These can provide valuable education on budgeting, credit management and other important financial skills.
Online resources like the Department of Education’s Federal Student Aid website offer a wealth of information on financial aid and loan repayment options.
Paying for College: You Can Do This!
Financing a college education is a significant challenge, but with careful planning, smart decision-making, and a good understanding of your options, it’s a challenge you can meet. Remember, the choices you make now about college financing can have long-lasting impacts on your financial future.
Start planning early, explore all your aid options, and don’t be afraid to ask for help when you need it. Be proactive about managing your money while in school, and always keep your long-term financial health in mind.
By mastering the college money maze, you’re not just funding your education—you’re investing in your future. With the right approach, you can minimize debt, maximize your college experience, and set yourself up for financial success after graduation.
The meaning of financial aid isn’t always clear to all families. In fact, many people believe that financial aid will cover the cost of college, but that’s not the cost for all. In my years of admission, I’ve seen situations where financial aid covered the cost of college in full, and I’ve seen situations where the only thing offered to students is $5,500 in student loans.
However, as a whole, undergraduates and graduate students received $240.7 billion in 2022-23 from all grants, federal loans, federal education tax benefits and federal work-study. The average aid per full-time equivalent (FTE) student in 2022-23 was $15,480 per undergraduate student and $28,300 per graduate student, according to the College Board.
Financial aid can seem like the most daunting hump in the getting-your-kid-to-college process. But what is financial aid, anyway? What does it entail? Don’t worry, it’s normal to be confused.
Let’s compare financial aid to baking a cake. The ingredients — scholarships, grants, loans, work-study and out-of-pocket funds — are combined to create a finished product: Your child’s final financial aid award.
Hang in there! Let’s dive in and learn more.
What is Financial Aid?
Financial aid, which you may understand, is aid provided to help cover the cost of your child’s education. Scholarships are a part of financial aid.
Financial aid can include both money that needs to be repaid and money that doesn’t need to be repaid. Financial aid can come from various sources, including federal and state governments, colleges or universities, private organizations and banks. Financial aid helps make education more affordable by reducing out-of-pocket costs for students and their families. It’s a wonderful thing and one of the best ways to pay for college!
Types of Financial Aid
What are the different types of financial aid? Let’s take a look at the definition, eligibility and some popular types of financial aid.
Grants
Grants are money that your child does not need to repay. Eligibility for grants varies, but they are often need-based and might come from your state or the federal government.
Popular grants from the federal government include the Pell Grant and the FSEOG Grant.
Scholarships
Scholarships differ from grants because they are typically based on merit or other specific criteria. However, like grants, your child does not have to repay scholarships. Scholarships are not necessarily awarded based on need (but they might be).
Loans
Your child must repay loans with interest. There are two different types of loans: federal vs. private loans, and the terms, interest rates and repayment plans depend on the type of loans your child takes on.
Direct Subsidized and Unsubsidized loans: The U.S. Department of Education (through the federal government) offers two kinds of Direct loans to students: Direct Subsidized loans, which are based on need. The government pays the interest on subsidized loans while your child is in school as long as they attend college at least part-time as well as after the first six months after they leave school. Direct Unsubsidized loans are not based on financial need, and interest accumulates right away on Direct Unsubsidized loans. Students can borrow anywhere from $5,500 and $12,500 in Subsidized or Unsubsidized loans depending on their year in school.
Direct PLUS loans: Parents, this one’s for you! Parents of undergraduate students can get Direct PLUS loans (also commonly called Parent PLUS loans) for students, but those pursuing a graduate degree can also get a PLUS loan. This is a federal loan that requires a credit check.
Private student loans:Private student loans come from private companies, like banks and credit unions. Private loans might have variable interest rates and cannot be consolidated with Direct loans. These loans (which are typically more expensive than federal student loans) include terms and conditions set by the lender. Private lenders want to see a credit score to qualify. Private loans may only come in a variable interest rate (instead of a fixed rate).
When deciding between federal and private student loans, learn as much as you can, and if your child can do so, avoid them. Learn about repayment fees, interest rates (such as variable or fixed), when repayment starts and the total cost of the loan, including interest. Learn about any interest rate reductions as well.
Work-study programs are federal programs. Money comes from the federal government and goes directly into your student’s wallet. Students must apply for a work-study job on campus, and jobs might include working in the cafeteria, admission office, academic office or more on campus. However, note that work-study programs are not automatic — students must proactively apply for a job and go to work in order to receive a paycheck.
Of the above options, grants and scholarships are free money. Work-study is not technically free money, because your child must put forth the effort to earn it. It also typically does not go directly toward tuition — most colleges and universities pay your child. They must put it toward tuition and fees themselves.
Who Qualifies for Financial Aid?
Anyone can qualify for financial aid, which is why it’s important to apply for it, even if you don’t think your child will “get anything.”
Factors that affect financial aid for students include financial and other general eligibility for financial aid requirements, including:
Financial need, including income
U.S. citizenship or eligible noncitizenship
Enrollment status
Special circumstances (such as for independent students and veterans)
Your student will eventually receive a financial aid award letter from all colleges they applied to. When the letter will arrive depends on the school.
This is the confusing part for many families, and rightfully so. Each school follows a unique process in terms of dates, deadlines, procedures and awards. They even follow a different process for how they display your child’s aid! Your child might receive a financial aid award letter from various schools at different times of the year.
The amount of aid offered can cover up to the full cost of attending college. It will be broken down into three categories: free money they don’t have to pay back, earned money (typically work-study) and borrowed money (either from federal or private student loans).
It’s important to understand every aspect of the various financial aid awards and how they’re packaged, because it might be different compared to other financial aid awards your child receives.
There are several steps your child can take to get need-based or merit-based aid.
1. Apply for admission.
Your child can’t get scholarships from colleges until he or she applies. What type of admission does each college have? Rolling admission? Early decision? Early action?
It’s important to know each admission type, ensure your child follows all directions and applies well ahead of the deadline. Applying incorrectly (or late) could also directly affect your child’s financial aid opportunities.
2. Ask colleges about scholarships.
All colleges post information about scholarships on their websites. To get a full understanding of what a school offers, it’s a good idea to make contact with the admission office at each school. Colleges and universities can’t post every single scholarship they offer on their websites. Those lists are long!
For example, an alumna could have donated a scholarship for red-headed students education majors who like to knit. (Okay, that could be an exaggeration.) But there are dozens of scholarships that you might not know about unless you take the time to turn over every single stone at a particular college.
You probably want your child to apply for every bit of scholarship money possible. That means doing some extensive research online, in your community and through your school counselor’s office. There’s no one way to piece together the scholarship opportunities available to your kiddo. You can search in the following places, according to the U.S. Department of Education:
The financial aid office at the colleges your child plans to attend
Your child’s school counselor
Scholarship search tools — but make sure they’re valid
State grant agencies
Library reference section
Foundations, religious or community organizations, local businesses, civic groups
Organizations related to field of interest
Ethnicity-based organizations
Your employer or your kids’ employers
Pro tip: Ask colleges whether they offer scholarship competitions. Many do, and it’s a great way to earn more scholarship money.
4. File the FAFSA and (if required) the CSS Profile.
It’s important to file the FAFSA even if you think your child won’t qualify for anything. If the college requires the CSS Profile, complete that as well.
Two of the best ways to receive financial aid include filing the Free Application for Federal Student Aid (FAFSA), and if the schools your child is considering require it, the CSS Profile.
FAFSA Overview
The FAFSA is just like it sounds — a free application you file to determine whether your child can receive federal financial aid in the form of federal grants, loans and work-study. Colleges and universities also use the FAFSA to determine how much aid to award your child.
To complete the FAFSA form, all contributors (your student, you and your spouse if you are no longer married to your child’s other parent) must create a StudentAid.gov account using their FSA ID, ensuring their name and Social Security number match exactly. Once you gather necessary documents like tax returns and financial records, dependent students must include parent information, and you must accurately reflect marital or financial status changes. You and your child can sign and submit the form only after all contributors have completed their sections, with confirmation provided via email.
You can typically file the FAFSA on October 1, but recent lags in the new FAFSA simplification (which made the FAFSA shorter) have pushed out the FAFSA to December 1. You can still sign up for an account prior to December 1.
Should you file the FAFSA, even if you think your child won’t “get” any aid from it?
Yes! You must also file the FAFSA every academic year your child is in school or they won’t qualify for additional federal financial aid (including renewable aid they received the previous year). It’s usually easier to renew the FAFSA because the FAFSA stores your personal and demographic information.
CSS Profile Overview
The CSS Profile is also a free application, but it differs from the FAFSA. The CSS Profile is for institutional aid, not federal aid, and it asks more detailed questions, such as the net worth of small family businesses, home equity, medical expenses and more. It also asks you questions that do a deeper dive into your child’s income and assets.
You won’t pay anything for the CSS Profile if you make under $100,000 per year, if your child qualifies for an SAT waiver or if a student is an orphan or ward of the court under age 24. If you don’t qualify, submitting your CSS Profile to one college costs $25, and additional reports cost $16 each.
Not every school requires the CSS Profile, so check the list of participating institutions to learn more about whether the schools your child is interested in require the CSS Profile. The financial aid application process definitely lengthens when you file both the FAFSA and CSS Profile, but they can both help your child qualify for both federal and institutional aid.
5. Compare financial aid awards.
You’ve applied to several schools, filed the FAFSA, auditioned or interviewed for scholarships and attended scholarship events. Next, you’ll receive financial aid awards from schools. Sit down and compare them.
Be sure you do an apples-to-apples comparison. What does that mean? Let’s say you’re getting a $19,000 merit-based scholarship from College X and a $17,000 merit-based scholarship from College Y. That doesn’t mean that it’s necessarily cheaper to go to College Y.
What’s the full price for each? Figure that out, then subtract the amount of financial aid you’re awarded from each college to see which is cheaper.
Many families wonder if they’re doing “the right things” when they look into financial aid, so here are some of the most common financial aid mistakes to keep in mind:
Not applying early enough: Your child can start applying for financial aid early. In fact, it’s never too early to apply for scholarships! (My daughter received scholarships in fifth and sixth grade and I still look for opportunities all the time.)
Believing the FAFSA will cover everything: One of the most common FAFSA mistakes is thinking filing the FAFSA will take care of the full college bill. Filing the FAFSA does not mean it will cover all your child’s college bills. In some cases, the FAFSA will only offer federal loans. Don’t make the mistake of thinking that your ticket to financial aid involves filing the FAFSA, because it likely won’t take care of everything.
Not exploring all available aid options: Leave no stone unturned in your quest to look for available aid. This means creating a robust plan to look for scholarships, looking into merit-based scholarships and more.
Overlooking school-specific aid: Ensure you understand everything you need to do to apply for school-specific scholarships and other types of aid at each institution your child’s considering. For example, if a school offers a presidential scholarship, ensure your child knows how to apply for it if they qualify.
Learning how to avoid financial aid errors is one of the most beneficial things you can do for your student, and it can seem tricky because every school does things just a little differently.
Financial Aid Myths Debunked
You’ve heard the financial aid myths, like “only low-income students qualify for financial aid,” (ridiculous!) so let’s go over some of those. Steer clear of these dangerous ideas!
1. Only low-income students qualify for financial aid.
REALITY: Students of all income levels qualify for financial aid, whether it is merit-based, financial-based or other types of aid. Financial aid eligibility is based on various factors, not just income. Many families with higher incomes still qualify for aid due to their specific financial circumstances, especially due to the cost of attendance at different schools.
2. Only students with excellent grades get financial aid.
REALITY: While good grades can help with merit-based scholarships, financial aid is primarily need-based. Students from various academic backgrounds can qualify for grants, loans, and work-study programs.My family earns too much money, so I won’t qualify for financial aid.
3. Private colleges are always more expensive.
REALITY: While private schools often have higher sticker prices, they also tend to offer more generous financial aid packages. In some cases, attending a private school can be more affordable than a public university.
4. Applying for financial aid is a one-time process.
REALITY: You need to reapply for financial aid every year because financial situations can change.
5. Financial aid only comes in the form of loans.
REALITY: Financial aid can come in various forms, such as grants, scholarships, work-study and loans. Not all aid has to be repaid.
6. You should wait until you’re accepted to a college to apply for financial aid.
REALITY: It’s important to apply for financial aid as soon as possible. Most schools have deadlines, and aid is often distributed on a first-come, first-served basis.
7. Only U.S. citizens can receive financial aid.
REALITY: Many non-citizens, including permanent residents and eligible non-citizens, can qualify for financial aid. Some states and colleges also offer aid to undocumented students.
8. Scholarships are only for star athletes or high academic achievers.
REALITY: Scholarships are available for a wide range of criteria, including community service, hobbies, unique experiences or even being left-handed! Opportunities exist for so many different types of students!
9. Parent savings in a 529 plan will prevent financial aid eligibility.
REALITY: While savings in a 529 plan are considered in financial aid calculations, they have a relatively small impact compared to income. Most families are better off saving for college than relying solely on financial aid.
10. Financial aid packages are non-negotiable.
REALITY: In some cases, you can appeal a financial aid decision. If your family’s financial situation changes or if you receive a better offer from another school, you may be able to negotiate for more aid.
Maximize Your Child’s Financial Aid Opportunities
Understanding how this process works is the best way to establish as much control and your choices for financing college.
Most importantly, financial aid can come from a variety of sources: federal and state agencies, colleges, high schools, community organizations, foundations, corporations and more. Do everything you can to learn more about all your child’s opportunities and how it will help them in the future.
FAQs
What is financial aid and what does it do?
Financial aid can help your child tackle the costs of college. It comes in a wide variety of forms, and it’s truthfully like a puzzle you can put together to help pay for college. Whether it comes in the form of scholarships, grants or a small amount of loans, when put with the money that comes out of your pocket, it can make a huge difference in your child’s life.
Do you pay back financial aid?
Financial aid in the form of a loan must be paid back. You must repay federal loans after you graduate or stop attending school, with a grace period of six months after finishing school. Your child must also repay private student loans. Your child doesn’t need to repay other forms of financial aid, such as scholarships and grants.
Is all financial aid free money?
No, financial aid is not all free money. It includes loans, which your child must repay. For example, if your child receives federal student loans, they will have to repay them typically within six months after graduation.
As a parent, you’re probably no stranger to the financial strain college can impose. With rising tuition costs, fees, textbooks, and living expenses, it’s easy to see how many families feel overwhelmed. The idea of your child taking on significant student loan debt right out of the gate is unsettling for most parents. Fortunately, there’s a way to ease the burden: outside scholarships.
Outside scholarships offer valuable financial assistance to help your child cover college expenses without accumulating debt. But how do you, as a parent, guide your high schooler in finding and applying for these scholarships? The process can feel like navigating a maze, but with the right information and approach, it’s manageable — and well worth the effort.
This guide will show you how to support your child in securing outside scholarships, from discovering where to find them to crafting a winning application. Let’s explore the steps together.
Why Outside Scholarships Matter for Your Child’s College Education
While many parents are familiar with financial aid options like the Free Application for Federal Student Aid (FAFSA) for need-based financial aid like the Parent PLUS loan or school-specific scholarships like merit aid, outside scholarships are often an untapped resource. These scholarships are offered by private organizations, businesses, foundations or individuals, and they come with a number of distinct advantages.
First, outside scholarships aren’t tied to a specific college or university, so your child can apply to a wide range of opportunities, regardless of where they plan to attend. This significantly broadens the pool of potential aid.
Moreover, outside scholarships often have unique criteria, allowing your child to stand out based on talents, interests, or other characteristics. Some awards may be merit-based, while others may focus on extracurricular involvement, leadership, or community service. And many are not tied to financial need, so even if your family doesn’t qualify for need-based aid, your child might still be eligible for outside scholarships.
Simply put, these scholarships can help reduce your child’s reliance on loans and ease the financial stress for your family. But where should you and your child begin the search?
Preparation for the Scholarship Application
When applying for a scholarship, preparation is absolutely essential. It’s not just about submitting an application; it’s about presenting a complete and compelling package that makes your child stand out among the competition. To start, ensure that all the required documents are organized and up-to-date, including transcripts, test scores, and a detailed resume that highlights their extracurricular activities, community involvement, and any leadership roles. A well-crafted essay is also crucial, often being the key component that distinguishes one applicant from another.
The essay should be personal, insightful, and tailored to the scholarship’s focus, giving the committee a sense of your child’s passions, goals, and why they’re deserving of the award. Letters of recommendation are another important part of the application process. Help your child select recommenders who know them well and can speak to their strengths in detail, whether it’s a teacher, coach, or community leader.
Once everything is in order, it’s important to review the entire application multiple times for any mistakes or missing information. In addition to preparing these materials, it can be helpful to review past successful scholarship applications to understand what committees are looking for. For this, you can explore the resource Edubirdie docs page, where you’ll find a treasure trove of student notes, essays, and other academic documents. This page is a great place to see examples of strong student work, which can provide inspiration or a benchmark as your child prepares their own application. The more prepared and thorough your child is, the better their chances of securing that much-needed scholarship!
Where to Find Outside Scholarships
The scholarship search can feel daunting, but there are plenty of accessible resources to help your child get started. Here’s a list of effective places to look for scholarships that will make a difference.
1. Online Scholarship Search Engines
One of the easiest ways to start the scholarship hunt (and skipping the student loans!) is by utilizing online search platforms designed to match students with scholarship opportunities based on their background, academic performance, and interests. Some of the best websites include:
Fastweb: One of the most comprehensive databases of scholarships, tailored to each student’s profile.
Scholarships.com: Offers an extensive list of opportunities, along with helpful advice and tips.
Chegg Scholarships: Not only for textbook rentals, Chegg has a reliable scholarship search function.
Cappex: Known for its easy-to-use search engine and personalized scholarship matches.
Encourage your child to create an account and fill out their profile thoroughly. The more detailed their profile, the better the platform can match them with scholarships that fit their qualifications.
2. Local Community Organizations and Businesses
While national scholarships get a lot of attention, don’t overlook local opportunities. Many community organizations, local businesses, and even religious institutions offer scholarships to students in their area. These awards are often smaller but come with less competition, which increases your child’s chances of winning.
Encourage your child to check with local Rotary Clubs, Lions Clubs, and chambers of commerce. Small businesses, such as local banks and credit unions, also frequently offer scholarships. Reaching out to these organizations can pay off in unexpected ways.
3. High School Counselors and Financial Aid Offices
School counselors are often a gold mine of scholarship information. Many high schools keep lists of scholarships specifically available to their students or know about opportunities that aren’t widely advertised. Encourage your child to regularly check in with their school counselor or college guidance office for updates on outside scholarships.
If your child has already selected their prospective colleges, have them reach out to the schools’ financial aid offices to see if they maintain lists of external scholarships that their students frequently apply for.
4. Professional and Industry-Specific Scholarships
If your child is passionate about a particular field of study, there may be professional organizations that offer scholarships specifically for students entering that field. For example:
The American Institute of Architects (AIA) offers scholarships to future architects.
The National Society of Black Engineers (NSBE) provides financial support to students pursuing engineering careers.
The American Medical Association (AMA) has scholarships for students aiming for a career in healthcare.
Encourage your child to explore professional organizations in their field of interest — they often have scholarships designed to support the next generation of professionals.
5. Unique or Niche Scholarships
Scholarships come in all shapes and sizes, and some of the most interesting ones focus on niche qualifications or unique talents. Some scholarships are awarded based on seemingly quirky criteria, such as being left-handed or crafting prom outfits out of duct tape.
Here are a few examples:
The Duck Brand “Stuck at Prom” Scholarship: Awards students for creating prom outfits made entirely of duct tape.
The Vegetarian Resource Group Scholarship: Offers funds to students who promote vegetarianism in their communities.
The National Make It With Wool Competition: Rewards students who demonstrate skill in sewing or knitting woolen garments.
Encouraging your child to think outside the box can open doors to scholarships they might not have initially considered.
How Parents Can Support the Scholarship Application Process
Now that you know where to find scholarships, it’s time to focus on the application process. While your child will be doing the heavy lifting, there are several ways you can help make the journey smoother and more successful.
Scholarship deadlines can sneak up quickly, and missing just one requirement could mean losing out on an opportunity. Help your child create a spreadsheet or calendar to track deadlines, required materials, and submission dates. Keeping everything in one place will make the process much more manageable.
Every scholarship will have its own unique set of requirements. Some may request transcripts, while others will require essays, letters of recommendation, or specific formatting. Go over the instructions with your child to ensure nothing is overlooked.
Many scholarships require an essay as part of the application process, and this is where your child can truly shine. Encourage them to write essays that are personal, engaging, and relevant to the scholarship’s focus. Avoid generic responses. Scholarship committees want to know why your child is deserving of the award—and storytelling can make a big impact.
Essays are often the deciding factor for competitive scholarships, so this is where you can provide valuable support, whether that’s brainstorming ideas or proofreading drafts.
Some scholarships require letters of recommendation from teachers, coaches, or community leaders. Encourage your child to ask for these letters early, giving their recommenders plenty of time to write a strong, thoughtful endorsement. It’s also helpful to provide the recommender with specific details about the scholarship and a list of your child’s achievements to make their job easier.
Encourage your child to submit applications early, rather than waiting until the last minute. This will help avoid any technical glitches and give your child extra time for revisions if necessary. Make sure they double-check each submission for errors—scholarship committees won’t look kindly on typos or incomplete applications.
While helping your child through the scholarship process, watch out for these common mistakes:
Neglecting small scholarships: Smaller awards can add up over time, so encourage your child to apply for them as well.
Missing deadlines: Organization is key — don’t let an application fall through the cracks because of a missed deadline.
Overlooking follow-up: If your child wins a scholarship, remind them to send a thank-you note to the organization. This simple gesture can help maintain relationships and potentially lead to more opportunities in the future.
As a parent, supporting your child’s pursuit of outside scholarships can significantly reduce the financial burden of college. With the right resources and strategies, your family can unlock valuable funding opportunities that will help your child achieve their academic dreams without excessive student loans.
The key is to start early, stay organized, and encourage your child to pursue a range of scholarships, from local opportunities to niche awards. The journey may take some effort, but the potential rewards — a debt-free college experience — are more than worth it. After all, wouldn’t it be great to see your child graduate without a mountain of debt looming overhead and find ways to pay for everything beyond tuition, including room and board?
Your Child Can Get Outside Scholarships After High School
One of the most misunderstood ideas about getting outside scholarships is that many students think they can’t get them after high school, that they’ve “missed the boat,” but they can absolutely get outside scholarships after high school. I have a list of about 20 scholarships I want my current students to apply for after they’ve gone off to college!
Don’t give up on all the options, and take advantage of them. It’s never too late to achieve a debt-free degree!
Parents, have you ever considered how you’ll pay for college? What’s a great way to get in shape and grow a side hustle? Why not consider a dog walking business?
Starting a dog walking business isn’t just about earning an income. You can tap into so many other benefits — schedule flexibility, offering practical solutions for dog owners and a pathway to take care of a portion of your child’s college education. Plus, who can resist those puppy licks and love?
Here’s how to start a dog walking business to pay for college, and if you want to start small, how to start a dog walking business in your neighborhood.
Key Takeaway
There are approximately 29,000 dog walking enterprises in the U.S. Starting a dog walking business can be a lucrative way to pay for your child’s college education. Arm yourself with a love for canines, some treats, dog training knowledge, credentials to start a successful business.
Why Start a Dog Walking Business to Pay for College?
Starting a dog walking business to pay for college has so many benefits, including the opportunity for supplemental income, flexibility, low overhead costs and long-term financial planning:
Supplemental income: The most obvious benefit of starting a dog walking business is that it offers a reliable source of income to contribute toward your child’s college fund. It can help alleviate the burden of college tuition and expenses.
Flexibility: Luckily, you don’t have to commit to a nine-to-five job with a dog walking job. You can walk dogs whenever it works for you! (Well, obviously within the confines of your clients’ schedules — the people, not the dogs.) Ultimately, you can balance your responsibilities as a dog walker with your existing commitments.
Can work on the business with your child: Why not take your child along? Your college-bound child can learn more about building their own business in college. This comes with dozens of lessons, including entrepreneurship, financial management, customer service and the value of hard work. Plus, you can get in some quality bonding time. Who doesn’t love connecting with their high schooler and at the same time, teaching them about responsibility and work ethic? Your child can even learn how to start a dog walking business as a teenager.
Low overhead costs: Luckily, you don’t need much in the way of capital to start a dog walking business. You likely don’t even need to purchase leashes, because the dog owners will likely have those for you. You may just need basic supplies like waste bags and great tennis shoes for walking. There’s no need for a physical storefront or expensive equipment.
Long-term financial planning: Starting a dog walking business now means you’ll fund your child’s college education and set a foundation for long-term financial stability. You can keep growing your business even after your child graduates from college!
The amount of money you can earn is limitless, so consider setting a goal and going to town (literally!) with a dog in tow!
How to Start a Dog Walking Business to Pay for College
So, how do you get a dog walking business going? Is it as simple as grabbing a couple of leashes and hitting the pavement? Let’s take a look at some steps you can take.
Step 1: Understand the market.
Before diving in, it’s essential to understand the dog walking market in your area. Research the demand for dog walking services, what competitors are charging and any additional services they offer. Remember, your service isn’t just about walking dogs; it’s about offering peace of mind to pet owners who are unable to provide their pets with daily exercise due to work or other commitments.
Step 2: Craft a flexible business plan and build credentials.
A clear plan serves as the foundation of your dog walking business. Consider the following:
Services offered: Besides walking, you might offer pet sitting, feeding or even basic grooming.
Pricing structure: Determine how you’ll charge (per walk, per day, per week) and whether you’ll offer packages or subscriptions.
Branding: Create a memorable name and logo that resonate with your target market.
Clients may also want you to demonstrate your credentials, such as your ability to do pet first aid/CPR, which you can get through the American Red Cross or Pet Professional Guild; basic dog training knowledge, insurance, bonding and membership in professional organizations.
In addition, do your best to build client testimonials that can help establish trust and bring new customers to your business.
Step 3: Streamline operations with technology.
Leverage technology to manage your schedule, client communications, and payments. Platforms like ThriveNeighbor can be particularly useful, offering tools designed to streamline the administrative side of your business. This allows you to focus more on your studies and less on paperwork, all while providing a professional service to your clients.
Step 4: Market your services.
Utilize resources, social media and word of mouth to promote your dog walking business. Tailor your marketing efforts to highlight the benefits for busy college students, professionals and local residents. Emphasize the flexibility of your services, the health benefits for their pets and the peace of mind your reliability offers. Create flyers and business cards to leave in local pet stores or vet offices. Remember, your marketing should highlight the benefits of your services.
Step 5: Deliver exceptional service.
Excelling in the dog walking business requires more than just showing up. Build strong relationships with your clients (both human and canine) by being reliable, professional and genuinely caring. Incorporate personal touches, such as sending updates during walks or remembering individual preferences to set your service apart.
Step 6: Manage your finances wisely.
Keep meticulous records of your income and expenses. Use financial management tools or software to track your earnings and budget effectively. Your goal is to make money while minimizing debt, so financial prudence is key. Consider setting aside a portion of your earnings for business growth or unexpected expenses.
Step 7: Balance business with everyday life.
The flexibility of a dog walking business is its greatest advantage. Schedule walks around your regular nine-to-five job and other commitments, ensuring you’re never compromising the rest of your schedule. Use the business as an opportunity to enhance your time management skills, balancing client commitments with academic deadlines and opportunities for rest and relaxation.
Step 8: Embrace the benefits beyond income.
Apart from the financial rewards, your dog walking business offers numerous benefits. It’s a chance to engage with your community, build a network, and develop entrepreneurial skills. Furthermore, the physical activity and time spent with pets can be a great stress reliever, offering a welcome break from the pressures of everyday life.
Step 9: Leverage online resources.
Tap into online resources to grow your business, such as running continual Facebook ads or promoting your business to a list. These resources can provide valuable insights, tools and networking opportunities to help grow your business and reach more customers.
Step 10: Seek feedback and adjust.
Ask for feedback regularly and be open to making adjustments. Whether it’s changing your routes, offering additional services or adjusting your pricing, being responsive to your clients’ needs will help your business thrive.
How Much Can You Make with a Dog Walking Business?
The cost of dog walking services can vary depending on various factors:
Location
Walk duration
Number of dogs
Additional services offered
Reputation of the dog walking business
The average hourly pay in California is $16.99 an hour, according to ZipRecruiter. Pay ranges between $14.23 to $19.47 in California, though you might make more, such as up to $25 or $35 per hour.
Some dog walkers may offer discounts for regular or multiple walks per week, while others may charge extra for additional services such as feeding, administering medication or longer walks.
Dog walking rates may be higher in urban areas with higher living costs compared to rural areas. Research local dog walking businesses and compare prices to find one that fits your budget and meets your needs.
How Effectively Can a Dog Walking Business Help Pay for College?
So, can it really help pay for college? It entirely depends on the number of clients you have and what you charge. For example, let’s say you walk three dogs for an hour each day, and you charge $25 per dog.
3 x $35 = $75 per day
If you walk them for seven days (three dogs, each day of the week), that’s $525, and if you do that for four weeks, you earn $2,100 per month. (That might be on the higher end of what you might be able to charge, depending on your area.)
Throw in some extras, like grooming or giving pets medication, and you could earn even more! This one small business could easily help pay for your child’s college tuition, but again, it depends on the number of consistent clients you have and the amount they’re willing to pay.
Consider a Dog Walking Business to Pay for Your Child’s College Education
If you love dogs, this type of business may make a lot of sense for you! If you like animals in general, you could consider expanding your business — though it’s not likely that you’ll get a lot of traction from a cat-walking business! However, there is a great need for pet sitting when families go away on vacation or on holidays.
Ultimately, consider how you might want to create a side hustle that revolves around pets and helps you craft a lifestyle that helps pay for college and gives your child countless opportunities.
FAQs
Is it hard to start a dog walking business?
Anyone can start a dog walking business because no formal qualifications are needed, though you do need to know a bit about handling dogs and dog training. You may also need to know some formal skills, such as pet CPR. Also, you may need a firm understanding of how to market your business to your area.
How do I start being a dog walker?
Start advertising your services everywhere — in coffee shops, in restaurants, in other businesses. Start running Facebook ads to dog owners in your area to make them aware of your services, and get one or two clients to give you a positive testimonial. Consider setting up a Facebook page and website to advertise your services as well.
Where do dog walkers make the most money?
As you might expect, dog walkers make the most money in large cities, so if you live in a large metropolitan area, you’ll have a lot of benefits in the form of potential clientele. Dog walkers make the most money in cities like Los Angeles, Chicago, Washington, D.C. and New York.
Characteristics of a Community College
