Paying for college doesn't have to be scary. With the many options available, there is no reason to put off your education. Prices will continue to rise, so taking the plunge now allows you to maximize your earning power in the future.

Take a Hard Look at the Numbers
When selecting a school, take the time to look at the costs. Being accepted and completing your FAFSA will trigger completion of the student aid package. Don't assume that the least expensive choice on paper will be the least expensive for you. There are different aid formulas, priorities, and different amounts of money offered to students. Wait until you see the financial aid packages from each before you make a final decision.

Use Loans to Cover Shortfalls
After financial aid, you will probably still have a balance due. You can cover the tuition difference with a private student loan. Borrowing money through private student loans allows you to attend the school of your choice without the need to stress about finding a job or managing the costs. The loans have competitive interest rates and the application process is quick and simple.

Minimize the Amount of Time You Spend in School
Many colleges have a sliding scale payment for credits that caps once you meet full-time hours. This means you can take 18 credits for the same price as 12. Don't take on any more than you can handle. If you are in a high-stress major or have a history of struggling with your studies, you shouldn't do this. The potential for saving money isn't worth the risk of failing. There may be a limit to the number of credits you can take in the first semester or even the first year. After this period, if you are happy with your grades and felt that you managed your time well, consider adding additional credits to your course load. Even one extra class a semester can be the equivalent of a free semester.

Consider Community College
If you want to minimize the amount you spend, consider taking the first year or two of classes at your local community college while living at home. It is a particularly good idea if you plan to transfer to the state program affiliated with the community college. This ensures that you won't lose any credits when you make the transfer.

Plan Ahead
If you are still in high school, talk to your guidance counselor about taking advanced placement courses. These classes allow you to test out at the end of the course and offers credit to those with a passing score. For those who missed the window of opportunity for this, there are other options. You can take CLEP tests to earn credit in a variety of subjects, from English Composition to Calculus. If you are strong in a particular subject, look to see if it has a CLEP option. There are many online resources to help you study for the exams. Advanced Placement and CLEP reduces the number of credits you need to pay for, which will lower your overall costs.