With the many financing options today, it is much easier to bridge the gap. It takes patience to find the right one, persistence in pursuing it, and passion to complete your degree.
We recommend first accessing federal funds in your country. This means that you must meet the funding requirements of the Department of Education in the United States. The government will grant you federal student aid on a first-come basis, subject to income and financial need.
Grants and loans may be available to you, including unsubsidized Stafford loans, Pell grants and Perkins loans. Keep in mind, however, that all these loans must be repaid after you graduate from graphic design school. The interest rates can be very attractive for you.
You can also seek loans from banks and other financial institutions. Sallie Mae is an example of a combination of private and government financing.
However, be aware that the interest rates on these loans are much higher than those offered by the government. Private funding is a good option as a last resort. After graduation, you don’t want to have a lot of debt.
You should also look into school scholarships. You will be able to repay it like grants. However, competition can be fierce. To be eligible for a scholarship to graphic design school, you must have the right qualifications.
We are not referring to scholarships offered by schools. Independent companies and organizations offer scholarships to students who are deserving. These scholarships can be found online, but it is important to be cautious if you are asked for money to access their names.
The fourth and most attractive option is to participate in a work-study programme. This basically means that you work as an intern at a graphic design firm while still studying graphic design. You won’t have a lot of debt if you are thrifty with your earnings after graduation.
A paid internship has two benefits: you can pay for your education with no loans and you get the experience you need to be a better worker than the rest. You may even be able to join the regular workforce at the company you worked for while you were a student.
It is not difficult to get a quality education at a respected school of graphic design. You can make the most of your experience by looking into financing options.