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4. Save on housing: Though not living on campus can save students thousands in ever-increasing room and board costs, school initiatives can make paying for university housing a more attractive option. At Cleveland State University, students are now eligible for $5,100 scholarships each year if they have solid grades and live in on-campus or university-sanctioned housing. Known as the Freshman Scholars program, the two-year old initiative has helped to trigger more campus life in an academic community where about 80 percent of students commute, according to Rob Spademan, assistant vice president of University Marketing and Admissions.
"It's a definite inducement to students who might have commuted or might have stayed around the campus," CSU's Spademan says.
[Make the most of your college experience with these 5 tips for commuters.]
Students can renew the scholarships for up to four years, provided they maintain at least a 3.0 GPA and stay in university housing. For a student who graduates on time, that equates to a savings of $20,400.
"The cost of higher education is becoming a bigger and bigger challenge for parents and students alike," Spademan says. "[Four years of the Freshman Scholars program] ends up being about a 35 percent incentive off tuition—and I can tell you, that gets the attention of parents who are trying to figure out how to pay for this."
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