How to Fund an Education in the Windy City

by Sr. Editor on April 3, 2008

One of the best things about living in a Chicago apartment is the access to higher education that the Windy City provides. The opportunities here for furthering educational status are quite amazing. From the Art Institute of Chicago to the University of Illinois, it’s possible to train in just about anything a person’s heart desires. Paying for the classes, however, can prove to be a bit of a challenge.

Funding a college education in Chicago is possible – even if the challenge level is high to pay for it out of pocket. Whether you want to go to grad school, professional school or even learn a specialty skill, there are ways to gain money for college.

a picture of a library in chicago
Photo by: kchoen

6 Ways to Fund Your Education

1. Scholarships – These are more readily available for Chicago residents than some realize. From local scholarships to national offerings, looking at this funding source closely can pay off big. It is wise to look at all possible scholarships big and small.

Even a small scholarship can add up with others to make having the money for college feasible. Remember when looking at scholarships that not all require topnotch grades either. Some are designed for average students, too. Check out the following websites to learn more about scholarships in your area:

2. Fellowships – These can be a little harder to obtain than scholarships, but they can pay off in a very big way. Many fellowships also come with living stipends attached, so Chicago residents who receive them are free to learn without worry. The Internet and individual schools are the best places to look for fellowship opportunities.

3. Grants – Similar in design to scholarships, grants are financial rewards that are given to students who are pursuing certain fields. Don’t close the door on this potential funding source. The following list is made up of websites with more grant information:

4. Loans – Low-interest, federal student loans are a great way to finance an education when other options are just not available. Take care when using student loans, however. It is smart to only request the money needed. Repayment will be expected down the road and the dollar amount can add up fast. Bank loans can also provide a source of hope when all other options are not available.

5. Part-time jobs – No one really wants to go this route to pay for classes, but sometimes it’s the best way. An extra job can help fund classes and books and get the determined through school. Try to find a job on campus. Typically they will work around your class schedule and are more flexible with hours. Also, consider applying for a paid internship. This type of job offers relevant work experience and is a great resume builder. Before pounding the pavement for a job, search these websites from the comfort of your Chicago apartment:

6. Assistantships – Some schools offer graduate assistantships, student assistantships, and work-study programs that pay stipends and/or portions of your tuition. These usually require you to work in the library, teach classes, or assist with research. When applying for specific programs, check to see if assistantships are offered and when applications are due.

Additional Helpful Websites: Some websites that might help you prepare for all things related to starting college and planning an education – whether financial or not – are listed below:

Financing an education in Chicago delivers possibilities. There is no reason to count higher education as being out of reach if money is the only obstacle.

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