FinStart logo
WebinarsJoin Collegiate
Sign In
COLLEGECAREER

Meeting Graduation Requirements on Time (or Early!)

Written by: Chloe (she/her)

3 min read | Published: March 7, 2024

Image for Meeting Graduation Requirements on Time (or Early!)

Most universities require 120 credits for a bachelor’s degree, which averages out to 15 credits a semester, for eight semesters. That doesn’t leave a lot of room for error, especially for students taking a semester abroad or fewer than 15 credits. Too often students must take more semesters than planned due to factors including switching majors, unfulfilled degree requirements, and unavailable courses due to limited seats. Staying on track to complete your degree is essential to save on tuition costs and start on your career path.

How to Achieve Your Graduation Goals
Graduating Early

With student loan debt at an all-time high and tuition consistently rising, you might be looking for unique ways to lower the cost of college. Graduating early not only lowers the price tag of your degree but also accelerates your ability to enter the workforce. This provides huge monetary benefit if you can secure employment right out of college, but this is not the case for every student. Graduating later gives you more time to build up your resume and experiences before application season.

If you’re unable to qualify for loans, it can be advantageous to work through college to afford living expenses. It’s important to weigh if being a part-time student is worth it for you. When attending college somewhere living expenses are high, the faster you can graduate and move somewhere affordable, the better.

Other Factors to Consider

Be aware that moving up in class standing at some universities costs more money. If you’re moving up in standing while not planning on graduating early, you may be increasing your loan burden with no real benefit. This is a common occurrence for students who are bringing in college credits from high school. Only take the max number of credits per semester that is manageable for you. Don’t take 18 credits if you think it could result in you failing a class or jeopardizing your mental health.

Changing majors late in your degree program tends to be a big setback for college students. If you’re unsure about your major, try to spend your initial years completing the university’s general education requirements so you can seamlessly transition into a possible major change. Additional courses and minors are a great way to pursue education in subjects that don’t fall under your major. But it’s important to evaluate if these are truly worth the cost when operating on a budget. There may be an alternative way to build those same skills and knowledge without the student loan price tag.

Ultimately your educational journey is determined by what you as a student value and require to succeed. If graduating early will make you miss out on valuable opportunities and experiences, maybe that extra debt is a necessary steppingstone to the future.

Sources:

https://www.bestcolleges.com/research/college-tuition-inflation-statistics/#:~:text=On%20average%2C%20from%202001%2D2021,at%20private%20two%2Dyear%20colleges.

https://www.forbes.com/sites/markkantrowitz/2021/11/18/shocking-statistics-about-college-graduation-rates/?sh=12f910482b69

Was this helpful?

Browse Related

Image for What will my student loan payments be?

What will my student loan payments be?

CALCULATOR | COLLEGE

Plan your student loan journey confidently. Enter loan amount, interest rate, and term to calculate your anticipated monthly student loan payments.

Learn More

Image for Careers and Income Considerations Quiz

Careers and Income Considerations Quiz

QUIZ | CAREER

There’s more than an initial salary offer to consider when comparing two jobs. Take our newest quiz to test your knowledge of factors impacting your income.

Learn More

Image for Grants and Scholarships Quiz

Grants and Scholarships Quiz

QUIZ | COLLEGE

Learning more about grants and scholarships can protect you from scams, losing your award money, and missing out on financial aid opportunities. To test your knowledge of grants and scholarships, check out our latest quiz.

Learn More

Browse by Category

Image for Budgeting

Budgeting

Image for Career

Career

Image for College

College

Image for Credit

Credit

Image for Fraud

Fraud

Image for Investing

Investing

Image for Lifestyle & Travel

Lifestyle & Travel


Collegiate Credit Union
CollegiateCU.org

Collegiate Credit Union accounts are held at Michigan State University Federal Credit Union where savings are federally insured to at least $250,000 by the NCUA and backed by the full faith and credit of the United States Government.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call (844) 201-9519 for assistance.

LEARNBLOGSPODCASTSQUIZZESCALCULATORSWEBINARSJOIN COLLEGIATEFAQABOUTCONTACT US
Download on the App StoreGet it on Google Play

Copyright © 2024 Reseda Group LLC, used under license.

Terms of Use
Privacy Policy
Disclaimer