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A merit scholarship is a type of college financial aid that is awarded based on a student’s merits, which might be academic, athletic, artistic, leadership-related, or pertaining to a special interest. A merit scholarship does not take a student’s financial need into consideration.

Read on for a closer look at exactly what a merit scholarship is, the different types of merit scholarships available, and how to get merit aid to help you pay for college.

What Is a Merit Scholarship?

Merit scholarships, also known as merit aid, are a kind of college funding that is not based on financial need but, instead, on a student’s merits or achievements. Merit aid is often given to students that excel in academics, extracurricular activities, athletics, arts leadership, and other areas.

Merit aid is often funded by colleges and universities themselves, and can typically be redeemed for multiple semesters and years. This type of financial aid is often used as a way to lure top performing students to their school. It might be a few thousand dollars or it could cover a student’s entire tuition. Merit scholarships are also offered by organizations, like the National Merit Scholarship Corporation, and private companies.

⚡ Quick Tip: Fund your education with a competitive-rate, no-fees-required SoFi private student loan that covers up to 100% of school-certified costs.

Types of Merit Scholarships

Merit scholarships come from different types of institutions and are awarded for a variety of reasons. Here’s a look at the different kinds of merit scholarships that are available.

Colleges and Universities

Many colleges and universities have merit aid awards that are offered to students. Sometimes referred to as institutional aid, merit aid programs vary from school to school. Some schools may consider all students for a merit award without needing an additional application. In some cases, there may be an additional application required. Select merit aid awards may be designed to cover the full cost of tuition, while others will only cover a portion.

Academic Merit Scholarships

Academic merit scholarships award money to students who demonstrate significant academic achievement in high school. Often, academic merit scholarships may consider a student’s grade point average (GPA), standardized test scores, class rank, or other factors.

Depending on the school, you may not need to submit or do anything extra to be awarded a merit-based scholarship. Instead, the school may decide based on your application alone. Academic merit aid is often redeemable for multiple years if you uphold the scholarship qualifications (such as maintaining a certain GPA each semester).

Recommended: How Much Does GPA Matter When Applying to College?

Athletic Merit Scholarships

Like academic merit aid, athletic merit scholarships are typically funded by the college or university. If you’re interested in an athletic scholarship, keep in mind that getting recruited can be a time-intensive process. Depending on the sport you play, you may need a highlight reel or video that shows off your skills. Typically, schools will also want to see your academic records and SAT or ACT scores.

Athletic scholarships may be offered for each year you attend school, provided you meet certain requirements, such as attending a certain number of practices/games each week while also maintaining a certain college GPA.

Arts Merit Scholarships

Many liberal arts colleges offer merit scholarships to students who excel in the arts, such as music, acting, painting, drawing, or graphic design. If you have talent in and have been focusing on any area of the arts, you may be able to get merit money by applying for a degree program in the arts at a particular college or university.

Merit Scholarship Options From Organizations

Some nonprofits and community organizations offer their own merit scholarships to standout students. These scholarships have varying requirements but will typically focus on an eligibility requirement that’s important to the organization, such as a student’s leadership qualities, chosen career path, or involvement in community service during high school.

For example:

•   The Daughters of the American Revolution (DAR) offers the Richard and Elizabeth Dean Scholarship to students who are pursuing an undergraduate degree in American Studies.

•   The Society of Women Engineers (SWE) offers a scholarship to applicants who are studying at an accredited university and pursuing a career path in engineering, engineering technology, or computer science.

•   The National Association of Flavors and Food-Ingredient Systems (NAFFS) offers an annual scholarship to outstanding food science students.

Private Companies

Another source of merit scholarships is private companies. Companies like Coca-Cola, Burger King, Google, and more have annual scholarships. Like many other scholarship opportunities, the application requirements and eligibility criteria will vary based on the company and/or scholarship. Below are a few examples.

Coca-Cola Scholars Program

The Coca-Cola Scholars Program is an achievement-based scholarship awarded to students in their final year of high school. Students are recognized for their ability to lead and serve, as well as their commitment to making a significant impact on their schools and communities. In 2025, the program provided over 7,000 Coca-Cola Scholars with more than $87 million in educational support.

Burger King Scholars

The Burger King Scholars program provides scholarships ranging from $1,000 to $60,000 to high school students who stand out based on their GPA, work experience, extracurricular activities, and community service.

Generation Google Scholarship

The Generation Google Scholarship program is designed for students pursuing degrees in computer science. The scholarship is awarded based on the strength of each candidate’s commitment to diversity, equity, and inclusion; demonstrated leadership; and academic performance. Selected students can receive $10,000 for college.

National Merit Scholarship Corporation

The National Merit Scholarship Program is an annual academic competition among high school students for recognition and college scholarships run by the nonprofit National Merit Scholarship Corporation (NMSC). To enter the program, you simply need to take the Preliminary SAT/National Merit Scholarship Qualifying Test, generally during your junior year, and meet other program entry requirements. There are three types of awards: National Merit Scholarships of $2,500, corporate-sponsored scholarships, and college-sponsored merit scholarships.

Recommended: Finding Free Money for College

How to Apply for a Merit Scholarship

The process for applying to a merit scholarship can vary significantly from scholarship to scholarship. Merit scholarships offered by colleges and universities typically don’t require students to fill out any additional paperwork beyond their application to the school. However, some schools require that students submit the Free Application for Federal Student Aid (FAFSA®) to be eligible. This allows students to maximize their federal and state need-based financial aid before receiving school awards. It’s a good idea to contact the financial aid department for each school and ask what their merit scholarship process is.

Applying for merit aid from a source other than your school can be more time-consuming and will likely vary depending on the organization offering the award. In addition to an application detailing basic personal information, students may be required to write an essay or personal statement, gather letters of recommendation or go through an interview process.

If you’re interested in applying for a private merit scholarship, check in with the organization directly so you can be sure that you understand exactly what the application requirements are.

Recommended: Grants For College — Find Free Money for Students

What Can Merit Scholarships Pay For?

Frequently, if the merit scholarship is offered by the school, the award will go directly to pay your tuition bills. If there is any money left over after tuition is paid for, it can be used to pay for other educational expenses including room and board, books, or other fees. Each school will have its own procedures for how merit aid is awarded to students, so confirm any questions directly with the financial aid office.

Merit Scholarships and Income Taxes

Generally speaking, merit scholarships are not taxed by the Internal Revenue Service (IRS). According to the IRS, scholarships and grants are considered tax-free so long as the following conditions are met:

•   The student is pursuing a degree at an educational institution; and

•   The award money is used to pay for tuition and fees or other expenses related requirements at the educational institution, such as fees, books, and supplies.

There are some situations in which a merit scholarship may be taxed. If a grant or scholarship meets the following criteria, it may be taxable, according to the IRS:

•   The scholarship is used to pay for incidental expenses such as room and board, travel, or optional equipment.

•   The scholarship is awarded as payment for teaching, research, or other services (though there are some exceptions).

If you have any questions about whether or not a scholarship you’ve received is considered taxable income, consider consulting with a tax professional who can provide advice specific to your personal circumstances.

Finding Merit Scholarships

Check in with your college or university to find out if there are any school-specific awards available and determine how to file an application (if an additional application is required). There are numerous online resources and databases that can help you identify merit-based scholarships across the U.S. For students who are pursuing graduate degrees, there are also some scholarships for graduate students.

It can be a good idea to make a running list or spreadsheet of all of the merit-based scholarships that you are interested in, so you can keep the specific due dates and application requirements organized. This can help make the application process feel less overwhelming.

Consider Starting Early

Many merit-based scholarships look for demonstrated excellence over the course of an applicant’s entire four years of high school. Therefore, it could be a good idea to start thinking about what types of merit scholarships you’re interested in applying for as early as possible.

Maintaining Your Scholarship

It is important to note that some merit-based scholarships require the scholarship recipient to maintain a certain GPA and/or require specific campus or community involvement to continue receiving consistent scholarship funding.

If you do decide to apply for a merit-based scholarship, it’s a good idea to be prepared to not only do the hard work to secure the scholarship but also maintain it once you get to campus.

Other Ways to Help Finance College Tuition

If you do not receive any merit aid or enough merit aid to fully cover your college costs, there are still many funding options available to you. Often, the first step for students looking to secure aid is to fill out the FAFSA. Students must fill this out in order to receive any federal aid, including federal grants and scholarships, work-study, and federal student loans.

The federal work-study program sets students up with part-time jobs where they can earn money to put towards their educational costs.

Federal student loans offer low fixed interest rates, flexible repayment options, and possible forgiveness programs. Depending on your level of need, you may qualify for either subsidized or unsubsidized federal student loans. With a subsidized loan (for undergrads only), the federal government pays for any accruing interest on your loans while you’re in school and for six months after you graduate; with an unsubsidized loan, you are responsible for paying all interest that accrues on the loan.

If federal aid and merit-based scholarships aren’t enough to cover the cost of college, you might consider getting a private student loan. These loans are offered by banks, credit unions, and online lenders. Students and their co-signers (if applicable) apply for private student loans as if they were applying for other types of loans, such as auto and home loans.

Private student lenders are able to determine their own term lengths, interest rates, and repayment plans. Because these loans don’t come with the same borrower protections as federal student loans (such as income-based repayment and generous forbearance and deferment programs), you generally only want to consider private student loans after you’ve fully tapped federal aid options, including federal student loans.

⚡ Quick Tip: It’s a good idea to understand the pros and cons of private student loans and federal student loans before committing to them.

The Takeaway

Merit scholarships are awarded to students based on merit alone, which might be academic, athletic, artistic, or in another specialized area. This money typically does not need to be repaid by student recipients. Some sources for merit scholarships include your college or university, nonprofit organizations, private companies, and the National Merit Scholarship Corporation.

Other options for college funding include financial aid (which includes need-based grants and federal student loans) and private student loans.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

What are merit-based scholarships?

A merit-based scholarship is a form of financial aid awarded to students based on achievements, rather than financial need. These achievements can include academic excellence (high GPA, test scores), athletic skills, artistic talent, or leadership qualities.

Many merit scholarships are awarded by colleges themselves and you may be considered for one automatically when you apply. You can also apply to specific scholarships offered by private companies and organizations.

What GPA gets you a merit scholarship?

There is no single GPA requirement for a merit scholarship, as the criteria vary widely between awarding institutions. For institutional academic merit aid, competitive students often have GPAs well above 3.5 or are in the top percentage of their graduating class. However, some scholarships prioritize factors other than GPA, such as artistic talent, athletic performance, or community leadership. Always check the specific requirements of the scholarship you are applying for.

How can I get a merit-based scholarship?

To get a merit-based scholarship, focus on maximizing your academic achievements, such as maintaining a high GPA and achieving strong standardized test scores. It’s also a good idea to actively participate in extracurriculars, athletics, or the arts to demonstrate leadership and talent.

For most college-based awards, your school application is enough, but be prepared to submit essays, letters of recommendation, and personal statements for private scholarships. Start early to build a strong profile and organize all application requirements and deadlines.

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOISL-Q425-016

Military members, veterans, and their families have special opportunities when it comes to funding higher education. Given the high cost of attending college, they’re well worth checking into.

Find out about student loans for military dependents: children, spouses, and sometimes other relatives of active duty service members.

What Are Student Loans?

First things first: What are student loans, and how do student loans work?

Student loans are a type of financial product wherein a bank or other lender gives a student up-front money with which to pay for college and other educational expenses. Student loans can be used to cover tuition, textbooks, and even living expenses such as housing. Student loans are available through the government as well as through private lenders, and can be taken out by parents or students themselves.

Student loans, like all forms of debt, come at a cost: Interest accrues from the time the first loan check is disbursed. In the case of Direct Subsidized loans, the U.S. government covers the interest so long as the student is enrolled at least half-time and for the first six months after the student stops attending.

Although student loan interest rates tend to be lower than, say, credit card interest rates, the charges can still rack up over time. This is part of the reason Americans are saddled with a whopping $1.8 trillion in student loan debt.

💡 Quick Tip: You can fund your education with a competitive-rate, no-fees-required private student loan that covers up to 100% of school-certified costs.

Who Is a Military Dependent?

Military dependents are relatives of an active-duty service member, or sometimes a veteran, who can qualify for benefits based on their family member’s service.

Some family members, such as military spouses and children under the age of 21, automatically qualify as dependents. Other family members, such as parents and adult children, may also qualify if they meet certain criteria. Military dependents may receive death benefits, low-cost housing, and other discounts due to their status.

Financial Aid Service Organizations for Military Dependents

Here are some of the financial aid options open to military members and their dependents.

Government-Sponsored Financial Aid

For most students, including military dependents, the government is the first place to turn for financial aid: Along with the opportunity to take out Subsidized Direct Loans, you may be eligible for grants and scholarships thanks to your service or your family member’s. To apply for federal aid, you’ll need to fill out the Free Application for Federal Student Aid (FAFSA®) annually.

For instance, if your parent or guardian died in service in Iraq or Afghanistan after 9/11, you may be eligible for the maximum federal Pell Grant regardless of your family’s income.

If you already have federal student loans, you may also be eligible for military student loan forgiveness, depending on the type of loans you have and what you or your family member’s service history looks like.

Additionally, the Army and Navy Reserve Officers’ Training Corps, or ROTC, offers no-cost scholarships at over 1,000 colleges across the United States. See the official Federal Student Aid website (StudentAid.gov) for full details.

Recommended: I Didn’t Get Enough Financial Aid: Now What?

American Legion

The American Legion offers college funding to the children of veterans who died or became disabled as part of post-9/11 service through their Legacy Scholarship program. The scholarship awards up to $20,000 and can be renewed up to six times.

AMVETS

AMVETS offers scholarships of $4,000 for military dependents, including sons, daughters, and grandchildren of veterans or active-duty personnel, as well as spouses, to help with educational expenses. These scholarships, awarded based on need and academic merit, are designed to bridge financial gaps after other aid is applied.

💡 Quick Tip: It’s a good idea to understand the pros and cons of private student loans and federal student loans before committing to them.

Paralyzed Veterans of America

Paralyzed Veterans of America offers scholarships of up to $2,500 for full-time students and $1,000 for part-time students to its members, their spouses, and their dependent children under 24 years of age. Awardees may apply a second time, but are only eligible to receive the scholarship twice in a lifetime.

Veterans of Foreign Wars

The organization Veterans of Foreign Wars (VFW) also offers student veteran support in a variety of ways, including its Sport Clips Help A Hero Scholarship, which awards qualified applicants up to $5,000 per semester (per family), as well as the Student Veteran Support Grant, which is designed to be used for events and outreach efforts that assist veterans who are currently enrolled in college. The Student Veteran Support Grant can be used for up to $500 per event up to twice per fiscal year for a total of $1,000.

Recommended: Types of Federal Student Loans

Private Student Loans for Military Dependents

Finally, military dependents may also choose to look into private student loans to fund their education.

Private student loans are, as their name suggests, not backed by the government and are instead offered by private banks, credit unions, and lenders. They do come with certain advantages — for example, they generally don’t carry the same lifetime maximums as publicly funded student loans, and you may have more flexibility when it comes to your loan term and repayment schedule.

However, private student loans sometimes carry higher interest rates than federal loans do, and your (or your cosigner’s) credit report will be pulled in order to qualify you — which isn’t the case for loans from the government. Because private loans lack the borrower protections afforded to federal student loans, they are most often considered as a last resort option.

The Takeaway

As a military dependent, you have a lot of options to consider when it comes to financial aid. Be sure to look into scholarships offered by the American Legion, AMVETS, Paralyzed Veterans of America, and the VFW. Military dependents should also apply for a Pell Grant, which doesn’t need to be repaid. And federal subsidized student loans give borrowers a break on some accrued interest.

For some, private student loans offer an attractive combination of accessibility and flexibility. (Keep in mind, though, that private student loans tend not to be eligible for student loan forgiveness and other programs.)

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

Do military dependents get free college?

Not automatically, but there are programs specifically designed to help military members and their dependents pay for college.

Does the military pay spouses’ student loans?

No, the military does not have programs that directly pay off a spouse’s existing student loans. Military loan repayment programs are incentives offered to the service member as part of their enlistment contract, not their spouse.

However, military spouses can take advantage of other benefits and federal programs to manage or potentially forgive their student debt.

Can military dependents get FAFSA?

Yes, military dependents can qualify for federal financial student aid using the FAFSA®, or Free Application for Federal Student Aid. The FAFSA is a good first place to turn when looking for financial aid because it can match you with low-cost, need-based options like Direct Subsidized Loans.

Photo credit: iStock/Liudmila Chernetska

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOISL-Q425-025

Deciding whether community college is worth it is a major choice for many students looking to balance education, cost, and long-term goals. Community colleges offer an affordable, flexible path to higher education, but the value depends on your career aspirations, financial situation, and personal priorities.

Understanding the pros, cons, and outcomes can help you make a confident, informed decision. Keep reading to learn more on whether attending community college is worth it for you.

What Is Community College?

Community colleges typically offer two-year degrees known as an associate degree. Students often attend community colleges for two years before transferring to a four-year university to gain their bachelor’s degree.

Working with a counselor can help you solidify your academic goals and work towards them, from choosing a major to earning the right credits that can be transferred to your bachelor’s degree.

How Community Colleges Differ from Four-Year Institutions

Community colleges differ from four-year institutions in several key ways. While both types of schools provide valuable education, their structure, cost, and academic offerings tend to serve different needs. The main differences between community colleges and four-year institutions include:

•   Degree types: Community colleges offer certificates and associate degrees, while four-year institutions award bachelor’s degrees and beyond.

•   Cost: Tuition at community colleges is typically much lower.

•   Admission: Community colleges often have open-enrollment policies, making them more accessible.

•   Class size: Community college classes are often smaller and more personalized.

•   Flexibility: Community colleges provide more part-time and nontraditional scheduling options.

Pros and Cons of Community College

Attending community college can have some upsides, but like anything, it may not be the right option for everyone. Just remember — your own experience is going to be unique and what might be best for you might not be the same case for your classmates or friends. Let’s take a look at the pros and cons of community college.

Pros of Going to Community College

Some benefits of attending a community college include affordability, increased flexibility in classes, the opportunity to stay local, and smaller class sizes.

Affordability

Because community college can be less expensive than their four-year counterparts, attending a community college before a university could help you cut tuition costs significantly. According to Education Data Initiative, the average cost of tuition at a two-year public college in 2025 was $3,598, as compared to $9,750 at a four-year public institution with in-state tuition.

Students attending community college may also be able to live at home, which can cut down on living expenses, too. Living at home while taking community college classes can also offer you some transitional time to get accustomed to a new schedule and new academic expectations before committing to a four-year university.

Easier Admissions Requirements

It’s also relatively easy to gain admission into community college. Some community colleges even have open admission policies, which generally means that there are limited academic requirements needed for admission, so most students who apply are accepted.

Note that even if a community college has an open admission policy, certain more competitive programs, like a nursing program, might have more stringent academic requirements.

Flexibility with Classes

Another major benefit of community college is that students have flexibility with classes and the opportunity to explore a variety of academic interests before committing to a major at a four-year university. Class times also may be more suitable for students that work full-time or have other commitments outside of school.

Smaller Class Sizes and Personalized Attention

Community colleges also offer smaller class sizes, which often lead to more personalized attention from instructors. With fewer students per class, professors can offer individualized guidance, answer questions more thoroughly, and provide support tailored to each student’s learning needs.

Cons of Going to Community College

While there are many pros to attending a community college before transferring to a four-year university, there are some cons to consider, as well.

Possibly Limited Academic Offerings

While community college can offer the opportunity to explore courses, the academic offerings may be more limited at a community college than at a four-year institution. Consider finding out which classes are available at each community college you are interested in so you can make sure they have exactly what you need. Not all community colleges might include the classes you are interested in taking.

Missing Out on Social Benefits

Another potential downside to attending community college is that students may miss out on some of the social benefits of attending a four-year college, including friendships, extracurriculars, and enjoying campus life. While you can experience all of these things if you transfer, it can be challenging to make friends as a transfer student.

Limited On-Campus Housing and Activities

Most community colleges are commuter schools, meaning students live off-campus and typically come to campus only for classes. This can make it harder to build a traditional college experience with dorm life, social events, or extensive extracurricular involvement. As a result, students may find fewer opportunities for social connection, networking, and campus engagement compared to what they might experience at a four-year university.

Choosing Which College to Go to

If you know for sure that you want to attend community college, now it’s time to see what options are available near you. According to The Princeton Review, 90% of the U.S. population is within commuting distance of a community college.

Due to one life situation or another, many students attend colleges as commuter students, trading a fully on-campus experience for greater flexibility. As a commuter student, you can choose to live somewhere more affordable and create a schedule that works with your work hours.

Commuter student life can also include a mix of on-campus classes and online work. Taking advantage of these resources can help if you find yourself with a complicated schedule, or if you just want more flexibility.

Transferring from Community College to a Four-Year School

If your end goal is to get a bachelor’s degree, you’ll need to transfer colleges from your community college to a four-year school. Studies show 80% of community college students intend to get a bachelor’s degree, but in reality only one-third of students transfer to a four-year school and only 16% of those students earn their bachelor’s degree.

Evaluating Accreditation and Program Quality

Evaluating accreditation and program quality is one of the most important steps when choosing a community college. Accreditation not only ensures the school meets established academic and institutional standards, it also determines whether your credits will transfer to a four-year university.

Program quality and the strength of the specific programs you’re interested in is also important. Review graduation and job placement rates, faculty qualifications, available certifications, and whether the college has industry partnerships or hands-on learning opportunities.

Recommended: Community College vs Trade School: How They Compare

Other Factors to Consider When Choosing a College

Your academic goals will guide which college you choose. As you evaluate colleges, take a look at which colleges offer the major you want to pursue. You could talk to current students or professors and evaluate whether it seems like a good school for your interests.

If you are applying for a mix of community colleges and public universities, creating a list of all your potential applications can be helpful. You can organize this list by “match,” “reach,” and “safety” schools in order to help you consider all your options.

Career Goals and Desired Career Path

When choosing a college, it’s essential to consider how well each school aligns with your long-term career goals and desired career path. Look for colleges that offer strong programs, specialized courses, or hands-on learning opportunities in your intended field. Research job placement rates, internships, faculty expertise, and industry connections.

A school that provides clear pathways — from coursework to real-world experience — can significantly improve your readiness for the workforce and help you build the skills and network needed to succeed in your chosen career.

Thinking About the Cost of Community College

While there are many financial benefits of community college, it’s still an expense that should not be taken lightly. You might consider a combination of scholarships, grants, and loans to help offset the total costs of college.

To start, students can fill out the Free Application for Federal Student Aid (FAFSA®) each year. This application is used to determine aid including work-study, federal student loans, scholarships, and grants.

There may also be state-specific financial aid available, and it’s recommended to use a scholarship search tool to find scholarships you may qualify for.

If these resources aren’t enough, it is possible to borrow private student loans for community college. While private loans can be helpful, they’re generally considered after other options have been exhausted. That’s because they don’t have to offer the same benefits to borrowers as federal student loans do — things like income-driven repayment plans and student loan forgiveness. Note: SoFi student loans may not be used for community college; however, they can be used if you transfer to a four-year college to pursue your bachelor’s degree.

Comparing Total Cost of Attendance with Other Options

When evaluating the cost of community college, it’s important to compare the total cost of attendance with other education pathways, such as four-year universities or online programs. Beyond tuition, consider expenses like transportation, books, supplies, and lost income from commuting or scheduling limitations. Community colleges often offer significantly lower tuition and more flexible schedules, but weighing the full financial picture helps ensure the most cost-effective choice for your goals.

Recommended: Quiz: What College Should I Go To?

The Takeaway

Community college can be a highly valuable option for many students, offering affordable tuition, flexible learning paths, and a strong foundation for transferring to a four-year university. While it may lack some on-campus amenities, its lower costs and accessible programs make it a practical choice for those seeking quality education without unnecessary financial strain.

Whether you decide to attend a community college first or head straight to a four-year institution, you’ll need to find a way to pay for your education. A few options may include federal student loans, scholarships, grants, and some private student loans. Note: SoFi student loans may not be used for community college; however, they can be used if you transfer to a four-year college to pursue your bachelor’s degree.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

Does community college look bad on a resume?

No, community college does not look bad on a résumé. Employers care more about your skills, experience, and the degree you ultimately earn. Community college can even show motivation, financial responsibility, and perseverance. What matters most is how you present your accomplishments and what you’ve achieved during your education.

Is it hard to get a job after community college?

The ease of finding employment after community college may be influenced by the field you studied. For example, students graduating with a certificate in a high-demand field such as nursing or dental hygiene may find it is relatively easy to secure employment.

Can you transfer to a university after community college?

Yes, you can transfer to a university after community college, and many students do. Community colleges often have transfer agreements with four-year schools to make the process smoother. By completing required courses and maintaining a strong GPA, you can transition into a bachelor’s program and finish your degree.

How long does it take to complete a degree at community college?

Most community college degrees, such as associate degrees, take about two years of full-time study to complete. However, the timeline can vary depending on your course load, program requirements, and whether you attend part-time. Some students finish sooner, while others take longer to balance school, work, or family responsibilities.

Is it more cost effective to go to community college first?

Yes, starting at a community college is often more cost-effective because tuition is significantly lower than at four-year universities. Many students complete general education requirements cheaply, then transfer to finish their bachelor’s degree. This approach can reduce total college costs and help minimize student loan debt.

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOISL-Q425-042

With the high cost of a college education, affording college with no money set aside might feel impossible. However, there are many forms of financial aid — whether from federal, state, school, or private organizations — that can help you pay for your college degree.

Learning how to pay for college with no money might require approaching your higher education costs from different angles. This includes cutting your college expenses, finding alternate financial aid sources, or both. Keep reading for specific ways to pay for college with no money saved.

Average Cost of College

How much you can expect to pay for college varies, depending on the school you choose, your degree level, whether you’re an in-state resident, and other factors.

According to the College Board, the average cost of tuition and fees for a full-time, in-state undergraduate student attending a public four-year school in 2025-26 is $11,950. Out-of-state students can expect to pay an average of $31,880 in tuition and fees for the same academic year. And students attending a nonprofit four-year private institution are charged an average $45,000 in tuition and fees.

Keep in mind that these figures are exclusively for tuition and fees. This cost doesn’t account for additional expenses that college students often face, like textbooks, school supplies, housing, and transportation.

Understanding the Total Cost of Attendance

Cost of attendance (COA) includes more than just tuition — it also encompasses fees, textbooks, housing, transportation, and personal expenses. By looking at the full picture, students will have a clearer idea of what they’ll actually need to cover each semester.

Many colleges publish estimated COA figures on their websites to help students plan, but it’s still important to review your own lifestyle, commute, and academic program to get the most accurate estimate.

How to Pay for College With No Money

The cost of being a college student can seem overwhelming when you don’t have savings available to directly pay for school.

If you want to go to college but have no money or you’re a parent who’s helping your child pay for college, here are a few ideas on how to go to college with no money saved.

Fill Out FAFSA® to See if You Qualify for Financial Aid

If you’re paying for college with no money saved, the first thing you’ll want to do is submit a Free Application for Federal Student Aid, also known as the FAFSA®.

The FAFSA determines if you qualify for federal financial aid. You can see if you’re eligible for the Pell Grant, Federal Work-Study, and Direct Loans. The information on your FAFSA is also commonly used to determine your eligibility for state, school, and other privately sponsored aid.

Grants

In addition to federal grants for college, search for grants from your state and school for additional funding. Grant funds generally don’t need to be repaid as long as you meet the grant program’s requirements.

Some organizations — nonprofit and for-profit — also host their own need- or merit-based grant programs for college students.

Scholarships

Scholarships are considered gift aid, meaning they typically don’t need to be repaid. There are a multitude of scholarship opportunities that are awarded due to financial need or merit.

You can search for scholarships online from various companies, organizations, community groups, and more. Ask your school’s financial aid office for help finding these advantageous sources of aid.

Negotiate With the College for More Aid

If your financial circumstances have changed since you submitted your FAFSA, request a professional judgment to have your school reevaluate your financial aid package.

Not all schools accept this request, but if yours does, this process gives you a chance to provide additional documentation that’s used to recalculate your financial need.

Start With Community College and Transfer

If you want to go to college but have no money, one option is to attend a community college for the first two years of your college education. According to the same College Board report, the average 2025-26 cost for tuition and fees at a local two-year college is $4,150 for a full-time undergraduate student.

After completing your general education courses at a junior college, you can then transfer to a four-year school.

Choose a Less Expensive University

The type of school you choose can also help you afford college if you don’t have money saved. As mentioned earlier, the cost of college varies widely between a public versus private institution.

Additionally, choosing a public school in your home state generally costs less than attending an out-of-state school. When reviewing cost, be sure to factor in the scholarships and grants you may qualify for.

Live at Home

Room and board is one of the largest expenses facing students. Instead of having to account for costs toward a dorm room or off-campus housing, living at home and commuting to school can help you keep expenses lower.

Talk with your parents about whether living at home while you earn your degree is an option.

Study Abroad

Some students may explore pursuing their degree abroad as one solution to cut expenses. Thanks to government subsidies in some countries, attending university abroad can be less expensive than staying in the U.S. In some cases, American students may even qualify for free tuition.

Work-Study

The Federal Work-Study program allows you to earn financial aid with part-time work through an employer partner. These jobs are often on campus and offer flexible hours that fit around a student’s class schedule.

Federal Student Loans

If you need to borrow money for college, a federal student loan is typically the first choice for students. The Department of Education offers subsidized and unsubsidized federal loans to students. These loans need to be repaid.

Undergraduate students might be eligible for subsidized federal loans in which the government pays for accrued interest while you’re enrolled in school, during your grace period, and while in deferment. These are awarded based on financial need.

Recommended: Types of Federal Student Loans

Private Student Loans

After exhausting all of your federal student aid opportunities, students may apply for a private student loan if they need additional cash to pay for college.

Private student loan rates and terms differ from federal loans. Generally, private student loans don’t offer borrowers income-driven repayment plans or flexible deferment or forbearance terms when you’re having trouble repaying your loan.

Also, loan details differ between lenders. To find a competitive private student loan, compare rates from a handful of lenders before choosing one.

Working Part-Time

To supplement the financial aid you’ve received, consider working part-time while you’re enrolled in school. Funds from a part-time job can help you pay for day-to-day costs as a student, like groceries, transportation, or general living expenses while you’re studying for your degree.

Borrowing From Family Members

If you have a money gap between the financial aid you’ve received and your college expenses, you could consider asking a close family member if they’re willing to offer you a family loan.

Depending on your family’s financial resources and your relationship with your parents or relatives, you might have access to this alternative low-interest financing option. When borrowing money from family, be clear about how much you need, how the funds will be used, and expectations regarding repayment after you leave school.

Look Into Tuition Reimbursement From Employers

Tuition reimbursement from employers can be a valuable way to reduce college costs if you’re working while pursuing your degree. Many companies offer financial assistance for approved courses or degree programs, often covering a portion of your tuition.

In exchange, you may need to maintain a certain GPA or agree to stay with the employer for a set period after completing your studies.

Explore State-Specific Financial Aid Programs

Many states offer their own financial aid programs to help residents afford college. These programs may include need-based grants, merit scholarships, tuition waivers, and specialized aid for high-demand fields. Because eligibility rules and award amounts vary widely by state, it’s essential to review your state’s higher education agency website and apply early.

Is College Right for You?

Attending a degree-granting, four-year college isn’t the only choice you have for furthering your education and career prospects. Enrolling in a trade school, seeking vocational training, or getting an apprenticeship can help you advance your skills for more job-focused opportunities.

Trade School

A trade school offers programs that teach students the hands-on skills for a technical or labor-based profession. Programs are typically shorter than traditional college degrees — often ranging from a few months to two years — and focus on practical skills needed for fields like plumbing, welding, automotive repair, healthcare, or cosmetology.

Vocational Training

Vocational schools provide students with the education to earn a certification or formal training quickly for service-oriented professions. Programs are typically shorter and more affordable, allowing students to enter the workforce quickly with specialized certifications or diplomas.

Apprenticeships and On-the-Job Training Options

Apprenticeships and on-the-job training programs provide a practical pathway to learn a trade or profession while earning a paycheck. Participants gain hands-on experience under the supervision of experienced professionals, often combining workplace training with classroom instruction.

These programs can lead to industry-recognized certifications or credentials, helping individuals build skills and advance their careers without accumulating traditional student debt.

Recommended: Guide to Student Loans for Certificate Programs

SoFi Private Student Loans

If you’ve decided that a traditional college education is for you, you might still need additional funds, despite exploring alternatives to afford college with no money.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

Is there any way to go to college entirely for free?

Yes, but financial aid is highly variable and is determined based on your unique situation. Students might be eligible to enroll in college at no cost, depending on their financial need. Similarly, some students might be able to attend college for free based on merit, like with a full academic or athletic scholarship.

Is relying completely on student loans for college a good idea?

No, relying completely on student loans for college isn’t a good idea. To keep your student loan debt out of college as low as possible, it’s generally wise to seek out a mix of financial aid options. Prioritize aid that you don’t have to repay, like grants and scholarships, and use student loans as a last option when funding your college education.

Why is the cost of college so high in the US?

The high cost of college in the U.S. can be attributed to various factors. An increased demand for higher education and unrestrained administrative and facility costs have been cited as reasons for the ongoing rise of college costs.

What are the best options for paying for college with no savings?

The best options for paying for college with no savings include applying for federal aid via FAFSA, seeking grants and scholarships, participating in work-study programs, exploring state-specific financial aid, considering employer tuition reimbursement, and using affordable alternatives like community colleges, trade schools, or apprenticeships to reduce overall costs.

Can I get financial aid if my parents didn’t save for college?

Yes, you can still qualify for financial aid even if your parents didn’t save for college. Federal aid, state grants, and need-based scholarships consider income and financial circumstances, not just savings. Completing the FAFSA accurately helps determine eligibility for grants, work-study, and low-interest federal loans.

Photo credit: iStock/Passakorn Prothien

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOISL-Q425-050

Once you’ve been accepted to college, an important decision you’ll need to make is whether to attend full-time or part-time. Status is determined by the number of credits you take during a term, but you may want to consider more than just academic workload. Your enrollment status can also impact your financial aid, cost of attendance, taxes, and college experience.

Below, we’ll explain key differences between going to school full-time vs part-time. We’ll also look at the implications of both to help you determine what makes sense for you.

What Is a Full-Time Student?

Undergraduate students are typically considered to be full-time when they’re enrolled in 12 or more credits during a term. Graduate students may take as few as nine credits to be considered full-time. However, every institution sets its own threshold, so check your school’s policies and requirements.

How Many Credit Hours Is Considered Full-Time?

Full-time enrollment typically means taking a minimum number of credit hours each semester, which varies slightly by program and institution. Most classes are worth three credits. To be considered full-time, undergraduate students usually take at least four classes per semester, or 12 credit hours, and graduate students enroll in at least three classes, or nine credit hours.

What Is a Part-Time Student?

In general, part-time undergraduate students take fewer than 12 credit hours. Graduate students attending school part-time often enroll in fewer than nine credits. As with full-time enrollment, thresholds for part-time status can vary by institution, so consult your school’s policies.

How Many Classes Do You Need to Be Part-Time?

Part-time undergraduate students typically take three or fewer classes per semester, or less than 12 credit hours. Graduate students studying part-time may enroll in one or two classes, or less than nine credits.

Recommended: How Do You Change Your Major?

Difference Between Full-Time and Part-Time Students

The difference between full-time and part-time students comes down to the number of credits they take during a term. Enrollment status can impact how students pay for their education. Here are some other differences between full- and part-time students.

Tuition Cost

Part-time students generally pay per credit hour. This allows them to spread out the cost of their education over a longer period of time.

Full-time tuition is capped once a student reaches the credit threshold. This means a student may be able to pay the same in tuition for taking anywhere between 12 to 18 credits in a term. Because of this, full-time students may be interested in maximizing credit hours to reduce education costs. While this can help students stay on track or even graduate early, they may be charged an additional fee per credit hour if they enroll in more than 18 hours per term.

Recommended: What Is the Cost of Attendance in College?

Time Commitment

For many, the choice to be a part-time vs full-time student can often come down to scheduling.

As a general rule of thumb, students can expect between two and three hours of work per week for each credit they’re taking. This means that a three-credit course would require approximately six to nine hours of student engagement, including class time, homework, readings, and studying.

Many full- and part-time students work while completing their degrees to help pay for education and living expenses, according to information from the Bureau of Labor Statistics. In October 2023, 39.6% of full-time students had some type of employment while 77.7% of part-time students were employed.

To make their schedule more feasible, part-time students may consider taking online classes while working to reduce commute times and have access to a wider selection of academic programs.

Taking night classes is another option for students to study while working.

Financial Aid

Enrollment status can affect a student’s financial aid options. For instance, some types of federal student aid require students to be enrolled at least half-time (six or more credits) to qualify.

Pell Grants, which are awarded based on a student’s financial need, vary according to enrollment status. Full-time students may receive up to $7,395 for the 2025-2026 academic year. Awards for part-time students are proportional to the number of credit hours a student takes. For example, a student taking nine credits would be eligible for 75% of the maximum award. Part-time students should keep in mind that eligibility for Pell Grants can’t exceed 12 academic terms.

Both full-time and part-time students can qualify for federal Direct Loans and, if they attend a participating university, the federal work-study program. Interested students must indicate that they’d like to be considered for work-study on the Free Application for Federal Student Aid (FAFSA®).

Since financial aid awards can vary by institution. Consider checking with your school to determine how enrollment status could impact your overall financial aid package.

Recommended: Types of Federal Student Loans

Student Loan Repayment

Whether studying part-time or full-time, many students take out an undergraduate loan to pay for their education expenses. Most federal student loans do not require repayment while the student is enrolled in school at least half-time. Part-time students have to repay loans once they drop below half-time enrollment.

Borrowers with Direct Subsidized, Direct Unsubsidized, or Federal Family Education Loans will also have a six-month grace period after graduation before loan payments are due. And if you return to half-time or full-time enrollment prior to the end of the grace period, you will be eligible for the full six-month period upon graduation. Interest on Direct Subsidized Loans is covered by the U.S. Education Department while students are enrolled and during certain periods of deferment.

Graduate and professional students with PLUS Loans may also receive a six-month deferment on repayment when falling below half-time status.

Borrowers with private student loans and certain federal loans may be expected to begin repayment immediately.

Scholarships

Scholarships can help pay for tuition and related educational expenses. Organizations may use a variety of criteria when awarding scholarships, including academic merit, financial need, quality of application responses, and enrollment status.

Some scholarships have eligibility requirements that require recipients to be full-time students. Still, opportunities exist for part-time students to secure financial help, including unclaimed scholarships and grants.

Recommended: Scholarships and Grants to Pay Off Student Loans

Tax Credit Eligibility

Enrollment status can have implications for your or your parents’ taxes. There are two main programs — the American Opportunity Tax Credit (AOTC) and the Lifetime Learning Credit (LLC) — that can give tax credits for out-of-pocket education expenses.

The AOTC can provide an annual credit up to $2,500 per student, given they are enrolled at least half-time.

Meanwhile, the LLC is open to all students regardless of enrollment status. The maximum credit per return is 20% of eligible education expenses up to $10,000, or $2,000 total.

College Experience

Financial considerations are only part of the picture when deciding whether to go to school full- or part-time. Your overall college experience is another piece. Students carrying a full course load tend to have better continuing and graduation rates. For Fall 2023 starters, 53.2% of part-time students continued school the following fall, compared with 84.4% of full-time students.

Enrollment status could influence aspects of campus life and extracurricular activities as well. For instance, some schools may only allow full-time students to live in on-campus housing. And student-athletes must abide by NCAA regulations, which include minimum coursework requirements, to be eligible to play.

Graduation Timeline

Full-time students typically follow a faster and more predictable path to graduation because they take the standard course load of 12-15 credit hours per semester. This pace allows them to complete degree requirements within the traditional two-year (associate) or four-year (bachelor’s) timeline, assuming they stay on track and pass all required courses.

Part-time students, on the other hand, usually take fewer than 12 credit hours per semester, which naturally extends the time it takes to earn a degree. Because they’re often balancing school with work, caregiving, or other commitments, their progress may be slower and more variable from term to term.

Career Planning and Internship Opportunities

Full-time students often have greater access to career planning resources and internship opportunities because their schedules allow them to participate in on-campus recruiting events, career fairs, and networking programs. Being enrolled full-time can also make it easier to take internships during the academic year or over the summer.

Part-time students may face more challenges in pursuing internships and structured career programs due to scheduling constraints, particularly if they are balancing work or family responsibilities. However, part-time students can still benefit from flexible, remote, or part-time summer internship opportunities, evening networking events, and online career services.

Recommended: Jobs That Pay for Your College Degree

Access to Campus Resources and Support Services

Full-time students generally have broader and more consistent access to campus resources and support services. These can include academic advising, tutoring centers, libraries, counseling services, health facilities, and extracurricular activities. Being on campus regularly makes it easier to take advantage of these resources, engage with faculty, and participate in student organizations.

Part-time students can still access many campus resources, but scheduling and availability may be more limited. Evening or weekend services, online tutoring, and virtual counseling can help part-time learners, but they may need to plan carefully to make full use of what’s offered.

Choosing Between Full-Time vs. Part-Time

When deciding whether to enroll as a full-time or part-time student, it’s important to weigh factors such as your academic goals, financial situation, and personal commitments. Answer the following questions to help you decide:

•  How quickly do I want to complete my degree?

•  Can I manage a heavier course load each semester?

•  What is my current work or family schedule, and how much time can I commit to school?

•  How will full-time or part-time status affect my financial aid eligibility?

•  Do I want to participate in on-campus activities, clubs, or organizations?

•  How important is access to internships or career-building opportunities during school?

•  Will I have enough time for studying and academic success in a full-time schedule?

•  How flexible do I need my education to be to balance personal or professional commitments?

The Takeaway

The difference between going to college full-time or part-time comes down to how many credits are taken during a term. In general, full-time students take 12 or more credits, while part-time students take 11 or fewer credits.

When deciding whether to be a full-time vs. part-time student, you may want to consider more than courseload. Enrollment status can impact tuition costs, taxes, and financial aid options.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

What are some benefits of being a full-time student?

Students who go to school full time are often able to focus completely on their studies, and a full course load means they can complete their degree faster. Full-time enrollment is also required for some scholarships, grants, and financial aid.

What are some benefits of being a part-time student?

Studying part time gives you the chance to work while going to school, which can make tuition and fees easier to manage. Plus, some employers will help pay for a portion of the cost.

What factors should I think about when weighing whether to enroll full time or part time?

Deciding whether to be a full-time vs. part-time student is a personal decision. As you’re weighing your options, consider factors like how much time you have in your schedule for school; any work or family commitments; your financial situation and available financial aid options; and your goals after graduation and their time frames.

Is it cheaper to be a part-time student?

Being a part-time student can be cheaper in terms of tuition costs per semester since you are paying for fewer courses at a time. However, part-time status may extend the overall duration of your studies, potentially leading to higher total costs due to prolonged living expenses and delayed entry into the full-time workforce. Also, part-time students might have limited access to certain financial aid options, scholarships, and campus resources, which could offset some of the immediate savings on tuition.

Can you work and be a full-time student?

Yes, you can work and be a full-time student, but it requires strong time management and organizational skills to balance academic responsibilities with job commitments. Many students successfully juggle both by taking advantage of flexible work hours, on-campus employment opportunities, and jobs that offer part-time or weekend shifts.

How long does graduate school take for part-time students?

Graduate school for part-time students typically takes longer than the standard duration for full-time students, often extending to about 3 to 6 years or more, depending on the program and the student’s course load each semester.

Photo credit: iStock/Drazen Zigic

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOISL-Q425-049