Financial Help for Out-of-State College Students

If you’re attending college in a state that is not your primary residence, you’re automatically hit with a higher tuition bill.

Fortunately, some companies are making an effort to alleviate the financial burdens faced by out-of-state students.

The New York Times reports that a new service called In-State Angels has come forth.

The company’s aim is to assist high school students with becoming residents in the state where they plan to attend college. The company requires approximately 10% to 15% of the college student’s savings on the cost of tuition as a fee.

Related: Student Loan Relief: Bill Could Allow Bankruptcy Discharge

The Times reports it takes about one year to establish residency. In addition, the student must demonstrate some degree of financial independence.

The company’s founder, Jake Wells, discovered the trials that come with being faced with higher tuition bills when he left Washington to attend college in Boulder, Colorado.

Read the full article here.

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