How To Get A 4-Year Degree In 3 Years
College today is more expensive than ever. If you could save money by graduating early, earning your degree in three years, rather than the average four, would you do it? A three-year degree could mean that a student accrues less unnecessary debt and can enter the workforce or graduate school months before their peers.
According to the College Board, the average student at a public, four-year university pays about $7,000 per year for tuition. For those who choose private institutions, the yearly cost without any aid or scholarships averages $26,000. Add on room, board, expenses and parents have a hefty bill. If you have student loans, graduating early is a good incentive to start paying them off sooner or lower the amount you need to borrow. Depending on how much you're borrowing, cutting a portion of your total education costs can save thousands of dollars in interest.
So how do you do it?
Never pass up an opportunity to take Advanced Placement courses in high school (subjects such as biology, psychology, English literature and statistics). If your AP scores are high, you can basically be a sophomore by second semester of your first year, entering into college with academic credits. If you didn't take any AP or summer college classes prior to your freshman year, finishing in three years means school will be your full-time job, so you will be taking the maximum amount of credits each semester.
So what about the extracurricular activities that create lasting memories in college? Graduating early means you have to let some of those go. Prioritize and invest your free time wisely. If you know that you will not be at school for your full senior year, take those roles you desire either in your fraternity/sorority, student government or athletes, in your junior year.
The biggest perk of graduating early is that you can get a jump start on your future. You can start business school or law school early while the rest of your friends are still finishing their bachelor's degrees. You can also land that great job or paid internship before all of your friends, and begin to make money and build up your resume.
-Lara Cohn, Examville Blog Contributor
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