Many high school students approaching graduation are concerned about how to finance education costs for college or for other types of training that can easily run into the tens of thousands of dollars per year, depending on the educational institution selected.Graduate and professional school programs — such as those providing law school, business medical school or dental school training — can cost even more.

This looming expense can be especially worrying if the students, or their parents, have not put aside sufficient savings to pay for their college.

In addition, those who have been unemployed for a significant amount of time might need help on how to finance education or vocational training costs that they require in order to retrain themselves in a more lucrative job skill or profession. This can be especially challenging for those whose financial resources have been substantially reduced due to long term joblessness.

Of course, exceptional students might be able to obtain performance related scholarships or grants to finance a good portion of their education costs. In addition, most colleges have financial aid programs to help those students who are less well off pay for their tuition.

Perhaps the most popular solution for the average student will be tapping into a well established government student loan program. Those who do not qualify for such financing might instead have access to family or friends with money to lend who they could approach for a private student loan.

For others who are wondering how to finance education costs, they might consider work study programs that involve working part time while they also attend classes. They can also earn money between classes by freelancing via online websites.

Another more traditional option is to become an apprentice to an established business that offers on the job vocational training.Those who can take part in a family business might find this educational route especially appealing. Still others can choose to join the armed forces or a ROTC officer’s training program to become educated in a warfare related profession.

Of course, many creative ways to reduce educational costs exist that can help make financing an education easier and can also reduce the burden of having to pay back loans once the educational process has concluded. For example, students can attend a local community college or an online university while still living at home to save on housing costs. If they also work to put some funds aside and make good grades for a couple of years, they might then be able to transfer to a full time university to complete their degree.