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If you’re interested in pursuing a career in the tech industry, coding bootcamps can be a quicker, more affordable alternative to getting a traditional degree. However, these courses still require a significant amount of time, energy, and money.

Are coding bootcamps worth it? They can be. You’ll want to keep in mind, however, that bootcamps vary in terms of quality, so finding a good one can take some research. In addition, the skills you learn from a bootcamp may not be enough to land the type of job or career you want.

Read on for key things you need to know about coding bootcamps. Including what they are, how they work, and how much you may be able to earn when you graduate.

What Is a Coding Bootcamp?

Coding bootcamps are short, intensive courses designed to provide in-depth training in software development fundamentals, and prepare students for entry-level jobs in the tech industry.

Many people consider bootcamps when pursuing a career change or looking for a shorter path into the tech industry, as they last about 12 weeks on average.

Bootcamps are conducted in both traditional classrooms and online, and are designed to accommodate students with little-to-no coding experience.

However, not all coding bootcamps are accredited schools. While some boot camps are affiliated with universities and, therefore, required to uphold the educational standards of the institution it is in partnership with, most coding bootcamps remain privately owned with educational standards that may not necessarily be governed by any scholarly entity.

Therefore, coding bootcamps, no matter how appealing, may not all produce the same quality of education or warrant any recognition outside of the tech industry.

Recommended: How to Pay for Coding Bootcamps

How Much Do Coding Bootcamps Cost?

The cost of coding bootcamp can vary widely, and will depend on the school, the length of the program, whether classes are in-person or online, and whether you study full or part time. However, on average, tuition for coding bootcamps can run around $12,000 to 14,000.

While that’s not nothing, it’s a lot less than the cost of a traditional undergraduate degree. According to College Data, the average annual tuition at a public university is $11,260 for in-state students and $29,150 for out-of-state students. The average annual tuition for a private institution is $41,540. If you pursue a four-year bachelor’s degree program, tuition can therefore be much more than a coding bootcamp.

Like colleges and universities, many coding bootcamps now offer a range of funding options, so you don’t necessarily have to pay the full cost up front and out of pocket. These may include:

•  Scholarships: Some bootcamps offer scholarships for women, minorities, vets and even those experiencing hardships. You can often find out about scholarship opportunities by going to the tuition section of the bootcamp’s website.
•  Loans: External loans, including private student loans, are a common way to cover the cost of bootcamp.
•  Deferred Tuition: This allows students to enter and complete a coding bootcamp without upfront payment. You are required to pay back your tuition costs only after securing a job.
•  Income-Share Agreement (ISA): This is a wage-garnishment agreement between a bootcamp and a graduate. It generally specifies that once a graduate accepts a job, a portion of their income will be paid to the bootcamp for a specified length of time.

Is There a Stigma About Coding Bootcamps?

While coding bootcamps were once similar to Massive Open Online Courses (MOOCs) — virtual, often free or low-cost, classes notorious for their low completion rates — many of these programs are now highly respected by employers.

Unlike MOOCs, which are structured to teach hundreds of students at a time, utilizing a primarily hands-off teaching model, coding bootcamps typically rely heavily on instructor direction. Indeed, there may be more than one instructor assigned to each class, which is often no larger than,say, 20 students.

Many programs are also highly intensive, requiring as much as 40 hours of weekly instruction. In addition, these programs tend to rely on project-based teaching methods that require students to immediately put their learnings into action.

However, there is no standardization for bootcamps, so all programs are not created equal. As a result, finding the right bootcamp can take a fair amount of time and effort.

If you are currently employed, it can be a good idea to talk to your supervisor or HR department about any bootcamps you are considering to get a sense of how the company views the program, and how completing the course could impact your career with the company. It’s also worth investigating if your employer offers a tuition reimbursement program that could help you cover the cost of bootcamp.

Recommended: Student’s Guide to Certificate Programs

What Can I Expect From a Coding Bootcamp?

Completing any coding bootcamp should ultimately result in fluency in at least one coding language, such as JavaScript, Python, C++, C#, or Java. In addition, you will likely graduate with a portfolio of projects you completed during the course.

And because the goal of a bootcamp is to churn graduates directly into the tech industry, these programs often help graduates find, apply, and interview for industry positions.

Bootcamps generally don’t go much further than that, however. While starting salaries for coding bootcamp graduates average $70,000 a year, these programs may not provide all the education you need to succeed in a tech career.

Also, in some cases, coding skills aren’t enough on their own to land a job. Some employers, for example, may be looking for a broader set of skills in computer science or specialization in a certain field. Others may place high value on interpersonal or soft skills that allow you to work effectively in a team and communicate with coworkers.

As a result, even after completing coding bootcamp, you may find it necessary to go back and complete your college degree at a later date.

The Takeaway

Whether or not coding bootcamp is worth it depends on your career goals and the quality of the coding camp. On the plus side, coding bootcamp can train you up quickly, and they generally cost a fraction of the cost of a typical college degree. However, if you are interested in a management career or moving beyond coding, you will likely need a traditional college degree.

FAQ

Is it realistic to get a job after coding bootcamp?

Whether or not you’ll get a job right away once you’ve completed a coding bootcamp depends on several factors, such as which course you took and how in-demand the skills taught are in your area. In many cases, the coding skills can lead to a job after the bootcamp.

Is 40 too old for coding bootcamp?

No age is too old for coding bootcamp. Most people will have plenty of prior exposure to how websites and apps work, regardless of age, which can be a positive. Having an eagerness to learn and a willingness to dive in and do the work is usually most important.

How to pick a coding bootcamp?

To select a coding bootcamp, define your career goals and interests. Consider what type of course (online, in-person, a mix) will work best for you, and then zoom in on the bootcamp’s job placement rates, reviews, and career services to make sure they have a solid record. Finally, consider the cost and how you’ll pay for it.

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Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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Some prospective undergraduate students will take part in an admissions interview, which, like other aspects of the get-into-college process, can require some preparation. Doing your homework can help you know what to expect and feel more confident. Here are things to get a head start on, including common college interview questions.

How Important Is a College Interview?

Before deciding whether or not an interview is worth the time and effort, students should know how important this step can be to the admissions process. The importance of the interview depends on whether it’s informational or evaluative.

Not all colleges will refer to the interview as “informational” or “evaluative.” Students should pay attention to the wording their schools use for interviews. If the school “strongly encourages” or “highly recommends” that a student schedule an interview, it may be an evaluative interview and an important piece of the application process.

Informational Interviews

Informational interviews are usually optional and mostly for the benefit of the student. These generally exist to allow students to learn more about the school and to show the college that they’re seriously interested in attending.

It’s not required for admission to book an informational interview, but it can help a student demonstrate a strong desire to attend the school and give the school a more multidimensional view of the student.

Informational interviews can also help to figure out which school is the best fit. Doing an informational interview gives students a chance to ask any questions they may have about the school and could give them a more complete picture of what life on campus looks like.

Evaluative Interviews

Evaluative interviews are usually conducted by selective colleges and universities such as most Ivy League institutions, and can affect admission. During an evaluative interview, a write-up of the students’ responses will be added to their application materials.

Whether the interview is evaluative or informational, the following college interview tips apply.

Booking and Practicing

These days, many U.S. schools don’t require interviews in the admissions process. Some schools don’t do them at all. Students who are looking to participate in interviews should check with the schools they’re applying for and see which ones are willing to conduct interviews. This is the first step in the process.

After students have determined schools where they can interview, they will likely need to make an appointment. The most common time to interview is during the fall of one’s senior year, but sometimes a student will be able to interview as early as the summer before senior year or as late as February of senior year. This will vary among schools, so students will want to check with each school individually to see when they’re booking admissions interviews.

Applicants should start preparing as far in advance as possible and will probably want to practice with friends, family members, or even teachers. They should give themselves enough time to schedule these practice interviews and incorporate the feedback given in between each meeting. The amount of time needed to prepare will vary from student to student.

More About Preparing

It’s wise to go into an interview well prepared so you’re not caught off-guard by questions and can feel more relaxed and confident about the process. Here are some tips on how students can prepare for college interviews.

What to Take With You

Show up with just a pen and paper? Transcripts? Applicants don’t need to stress too much about this. Some schools provide students with a list of things to bring with them, and if they don’t, there are some commonly recommended items to take just in case:

•   Two copies of one’s resume

•   SAT/ACT scores

•   A list of AP classes the student will take in spring semester

•   A copy of the completed application

•   A notebook and a pen

•   Questions about the college to ask the interviewer

What Questions Will You Be Asked?

Another important piece of preparing for an interview is finding out what questions are commonly asked during college interviews. Once students find out what questions they can expect to be asked, they’ll be able to rehearse their answers, making the actual interview less intimidating.

According to the National Association for College Admission Counseling , these are some college interview questions that students should be prepared to answer:

•   Tell us about yourself.

•   What are your favorite classes?

•   What extracurricular activities have you been involved in?

•   What special programs are you interested in?

•   Why are you considering our college?

The interviewer will be trying to get to know the prospective student and understand why he or she is interested in the school. If students had a challenging academic year as evidenced with grades on record, they should be ready to discuss that as well.

Questions may vary from one school to the next, but this list can help students get started and have a good idea of the types of questions they’ll be asked.

What Questions Should You Ask?

An interview does not involve questions coming from one side only; applicants will be expected to ask the interviewer questions as well. Showing up with questions ready to go will show the interviewer that the student has done research and is genuinely interested in attending the school.

The National Association for College Admission Counseling also recommends students ask questions during interviews. It includes the following:

•   What is the admissions process for the school?

•   Are there opportunities to participate in special programs like study abroad and first-year seminars?

•   What social options are available?

•   What are some of the school traditions?

•   Can you tell me about dorm life?

Students can ask questions about their prospective majors, campus life, class environments, and anything they’d like that will help bring them closer to deciding on the right college. They should have a list of their questions written down before the interview.

Rehearsing the Interview

The last step of preparing for an interview is to practice it with others. Interviews are like conversations, and there’s no way to predict exactly how it will go. Practicing with a variety of partners will help students feel more confident in their answers.

After practicing the interview, students should ask their partners for feedback. This will give them concrete ideas for what they need to practice more and where they can improve.

It can also be beneficial to schedule the interview for their top choice school last, if possible. This can give them time to interview at other schools first, providing more opportunities for practice and improvement.

Interviews can be stressful, so students can prepare by getting a good night’s sleep and talking to someone for guidance — essentially, employing strategies and habits that they probably used to get this far in the college application process.

Financing Your College Education

Getting into college is a feat in and of itself, but getting accepted is just one piece of the puzzle. If students don’t know how to finance college, they may struggle to attend the school of their choice.

Here are some key options so students can start their financial planning now.

Federal Aid

Every student should fill out the FAFSA®, the Free Application for Federal Student Aid, to determine eligibility for federal aid for school. Eligibility for undergraduates is usually based on the parents’ income. If students are eligible for aid, there are a couple of types they may receive.

Federal aid can come in the form of grants or loans. Grants don’t need to be repaid, whereas loans do. Federal loans usually come with benefits that private loans don’t, such as income-driven payments and lower fixed rates. It’s recommended that students take federal aid before turning to private loans.

Scholarships

Generally, there are lots of scholarships available to students. Scholarships can be need- or merit-based. The eligibility requirements vary for each scholarship. They can be given out by colleges, corporations, or local community organizations. Students should see what resources their school has available in terms of scholarships. Often schools have a scholarship office or information about scholarships at their financial aid office.

Private Loans

Private student loans are another way that students can help fund their college experience. Each lender will have its own set of terms, including the interest rate and repayment methods. Students should make sure to do thorough research on the institution’s terms before choosing to take out a private loan.

There are many ways to finance a college education. Students who start their research early will be better equipped to find the right financial plan for them.

The Takeaway

Some colleges may offer informational or evaluative interviews as part of the application process. For students who want to take advantage of this option, knowing what to expect and practicing can be important steps to being well prepared and confident.

Another key way to prepare for college is to research how best to afford the cost of attendance. Options include grants, scholarships, and federal and private student loans.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

What are the 5 P’s of an interview?

In terms of interviews, each of the 5 P’s stands for a facet of interview success. Specifically, these are: preparation, practice, presentation, positivity, and performance. Focusing on these areas can help a student be organized and confident.

What do colleges look for in an interview?

College interviews usually aim to get details on a candidate’s background, academic interests, extracurriculars, and reasons for wanting to attend the college. The interviewer may also ask questions about how you might contribute to the campus community.

How to prepare for a college interview?

To prepare for a college interview, spend time doing your research into the school, deciding how best to express your interest in the school, and practicing your interview skills with different trusted advisors. Also develop some questions to ask college interviewers.

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SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

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With the average annual cost of college now $29,910 at public schools (for in-state students) and $62,990 for private schools, figuring out how to pay for college as a low-income student can be daunting. It’s important to keep in mind, however, that students from low-income backgrounds often qualify for grants and scholarships (which you don’t have to pay back), as well as student loans.

Federal student loans are available to all college students, regardless of income, and don’t require a credit check. If you still have gaps in funding after tapping financial aid and federal loans, you may also be able to qualify for private student loans, even with a low income.

Read on to learn more about the financial aid options available to you if you qualify as a low-income student, as well as how to apply for student loans.

What Are Student Loans?

Student loans are an often-used option to help pay for college. In fact, roughly 53% of students who complete their undergraduate programs take out federal loans at some point during their college years, according to the Education Data Initiative.

Student loans can be used to pay for tuition, fees, room and board, as well as other associated costs of college like books and supplies.

Students can use either federal or private student loans to pay for college. Students who take out federal student loans borrow money from the government, through the U.S. Department of Education. Federal student loans typically offer low, fixed interest rates and other benefits, such as income-driven repayment and access to forgiveness programs.

Private student loans, by contrast, are available from banks, credit unions, and other private lenders. These lenders set their own interest rates and conditions for their student loans. To qualify for a private student loan, you need to fill out an application and disclose personal financial information, such as your income and credit score.

Since students typically don’t have well-established credit histories, many private loans require a cosigner. A cosigner is someone who agrees to pay back the loan if the primary borrower is unable to do so. Because private student loans don’t offer the same borrower protections that come with federal student loans, you generally only want to consider them after you’ve depleted all of your federal student aid options.

Can You Get Student Loans With a Low Income?

Yes, you can get student loans if you have a low income. If you can’t cover the full cost of college with scholarships and grants, student loans can help you take care of the remaining costs of college.

You can access federal student loans no matter your income level, but you do need to meet specific qualifications. You must:

•   Have a high school diploma or a recognized equivalency, such as a GED, or have completed a state-approved home-school high school education.

•   Be a U.S. citizen or an eligible noncitizen

•   Have a valid Social Security Number

•   Be enrolled or accepted for enrollment as a regular student in an eligible degree or certificate program

•   Maintain satisfactory academic progress in college

You may also be able to qualify for some private student loans if you have a low income (more on that below).

Recommended: Finding Free Money for College

Low-Income Financial Aid Options

Students and their families pay for college in a variety of ways, including savings, scholarships, grants, work-study, and student loans. Indeed, paying for college often looks like a puzzle — all the pieces come together in different ways to make everything “fit.”

Here’s a look at how to access low-income student aid options.

FAFSA

Every student (whether they’re low-income students or not) can file the Free Application for Federal Student Aid (FAFSA®). The FAFSA is the free form you can fill out to apply for financial aid for undergraduate or graduate school, and is one of the most important steps students and their families can take to pay for college.

In conjunction with the school you plan to attend, the FAFSA determines your eligibility for need-based and non-need-based financial aid. The FAFSA results determine the amounts you receive for federal grants, scholarships, work-study, and/or federal student loans. In addition to subsidized federal student loan (which are need-based) and unsubsidized federal student loans (which are not need-based), there are two other types of federal aid low-income students may qualify for based on the FAFSA:

•   Federal grants Students who demonstrate financial need may qualify for federal grants, which you generally do not need to pay back. Some examples of federal grants include the Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (FSEOG), and Teacher Education Assistance for College and Higher Education (TEACH) Grant. Each grant has its own eligibility requirements. Some, like the TEACH Grant, even have requirements you must fulfill after you attend school. Look at each grant’s eligibility requirements to determine whether you qualify.

•   Work-study Colleges and universities offer part-time work-study opportunities through the Federal Work-Study program. Graduate and undergraduate students who demonstrate financial need can qualify whether they are part- or full-time students, as long as their school participates in the Federal Work-Study Program.

How Do You File the FAFSA?

Typically, the FAFSA becomes available on October 1 for the following academic year. Since some aid is distributed on a first-come, first-served basis, it’s a good idea to complete the FAFSA as soon after its release as possible. Here’s how:

Since some aid is distributed on a first-come, first-served basis, it’s a good idea to complete the FAFSA as soon after its release as possible. Here’s how:

1.    Create your Federal Student Aid ID, also called an FSA ID. You can do this in advance of getting your materials ready and filing the FAFSA.

2.    Make a list of schools you’d like to attend. You can add up to 20 schools on the FAFSA.

3.    Gather financial documents you’ll need. You’ll need information for both yourself and your parents, such as your Social Security numbers, most recent federal income tax return, current bank statements, and records of any investments you have.

4.    Complete the FAFSA. Using your FSA ID, log in to the website, read the directions, and submit your information.

5.    Review your FAFSA Submission Summary to make sure your information looks correct. The FAFSA Submission Summary, formerly known as the Student Aid Report (SAR), is a document that summarizes the information you provided when filling out the FAFSA. It includes your Student Aid Index (SAI), previously called Expected Family Contribution (EFC). Colleges and universities receive your SAI to determine your eligibility for federal and nonfederal student aid.

Federal Pell Grant

Your SAI will determine your eligibility for a Federal Pell Grant, so you have to file the FAFSA in order to qualify.

Undergraduate students who qualify for a Federal Pell Grant must show exceptional financial need. These grants are usually reserved only for undergraduate students, though some students enrolled in a post-baccalaureate teacher certification program might qualify.

How much can you receive from a Pell Grant? The amount varies, depending on your SAI, the cost of attendance of your school, whether you are a part-time or full-time student, and whether you will attend for a full academic year or not. The maximum Pell Grant award for the 2025-2026 academic year is $7,395.

Scholarships for Low-Income Students

Colleges and universities may offer need-based scholarships. The money is yours to use for education — you do not need to pay it back. The results of the FAFSA help colleges and universities determine your eligibility for need-based scholarships and scholarships for low-income students.

You can also find need-based scholarships through employers, individuals, private companies, nonprofit organizations, religious groups, and professional and/or social organizations. There are a number of online scholarship search tools that can help you find scholarships you might qualify for.

Student Loans for Low-Income Families

As mentioned above, you can tap into either federal or private student loans for low-income students. Here’s a closer look at both.

Federal Student Loans

Based on the results of the FAFSA, you may qualify for a few types of federal student loans. Subsidized federal loans are need-based, while unsubsidized federal student loans are available to all students regardless of income or financial need.

Here’s a quick overview of three main types of federal loans:

•   Direct Unsubsidized Loans can go to undergraduate, graduate, and professional students. They are not need-based, and you are responsible for paying all interest, which begins accruing as soon as the loan is dispersed.

•   Direct Subsidized Loans are for undergraduate students who demonstrate financial need. The government pays the interest on these loans while you’re in school, during any deferment, and during the six-month grace period after you graduate.

•   Direct Plus Loans are available for graduate or professional students or parents of undergraduate students and are not need-based or subsidized. Borrowers must undergo a credit check to look for adverse events, but eligibility does not depend on your credit scores. (Note: As of July 1, 2026, Federal Direct PLUS Loans for graduate students will no longer be available. Federal Direct Loans will remain, however, and are available to graduate and professional students.)

Private Student Loans

Federal student loans don’t fully cover the cost of attendance for many students, and some students may consider tapping into private student loans as well.

Private lenders set their own requirements, however, and some students may find it challenging to qualify for a private loan if they have:

•   Little to no income

•   A negative credit history

•   A bankruptcy on file

•   A low credit score

How do you get around these issues? You may need to get a job while in school to prove you have some income. You may also want to work on building your credit before you apply for a private student loan. While you may be able to qualify with low income and low credit, you may make up for it by paying more in interest.

Another way to qualify for a private student loan with a low income and/or poor (or limited) credit is to apply with a cosigner. A student loan cosigner is a creditworthy adult who signs for a loan along with you. It’s a legally binding agreement stating that they’re willing to share the responsibility of repaying the loan on time and in full. Many borrowers turn to a family member for cosigning.

Recommended: University of South Florida Cost

How to Apply for Student Loans

How to apply for student loans will differ depending on whether you are interested in federal or private student loans.

To apply for federal student loans, the first step is to fill out the FAFSA. Once you’ve filed the FAFSA, you basically sit back and wait to see what the school you’re planning to attend will offer you in federal aid, which may include a mix of grants, scholarships, work-study, and federal student loans. Your school will tell you how to accept all or a part of the loan.

Before you receive your loan funds, you will be required to complete entrance counseling, a tool to ensure you understand your obligation to repay the loan, and also sign a Master Promissory Note, agreeing to the terms of the loan.

Applying for private student loans involves directly going to a lender website or simply talking to your college or university’s financial aid office. Many institutions put together a list of what they call “preferred lenders.”

Even if your school makes it easy for you to apply for a private student loan, it’s a good idea to do your research outside of the preferred lender list to find low interest rates and compare interest rate types (fixed or variable), repayment schedules, and fees. You want to find the terms and conditions that best fit your needs.

As you are researching private student loans, you’ll want to make sure that you (or your cosigner) meets the requirements to qualify for the loan.

The Takeaway

Even if you’re a low-income student, you can access student loans. To find out what federal student loans you are eligible for, you’ll need to fill out the FAFSA. As a low-income student, you may qualify for subsidized federal student loans, which won’t accrue any interest while you’re in school and for six months after you graduate. This makes them more affordable than unsubsidized federal student loans and private student loans.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

What qualifies as a low-income student?

The U.S. Department of Education defines a low-income student as an individual whose family’s taxable income for the preceding year did not exceed 150% of the poverty income level established by the Census Bureau. For example, a student from a family of four living in the contiguous U.S. with a household income of $48,225 or less is considered low-income.

Do low-income students get free college?

Some low-income students are able to go to college for free through financial aid or merit scholarships. But even without a full ride, low income students can often pay for college through a combination of scholarships, grants, and federal student loans.

Does FAFSA help low-income students?

Yes, filling out the Free Application for Federal Student Aid, better known as the FAFSA®, gives low-income students access to financial aid, including grants, scholarships, work-study programs, and federal student loans.

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SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

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College can be expensive, and beyond tuition and room and board, you’ll also need to buy quite a few things to set up your dorm room. This can include everything from fun bedding and artwork to mundane items like power strips and bath caddies. Fortunately, there are ways to save money on dorm room essentials without sacrificing on style, function, or comfort.

What follows are smart college shopping tips and tricks that will help you set up your room without breaking the bank.

Tips to Save Money Shopping for Dorm Room Essentials

If you are looking to save when it comes to college dorm shopping, here are some helpful tips.

1. Research Your Dorm

Before going dorm room shopping, look into how big your dorm room is and what furnishings are provided by the university. Then, you’ll have an idea of what you need to buy and can avoid spending money on things that you’ll have when you get to the dorm.

2. Check Out the Dorm Room Rules

It’s also important to find out the rules for your dorm room. For instance, perhaps your college won’t allow you to have candles or incense burning in your room, or it won’t let you bring a microwave. You’ll know not to purchase these items because they are forbidden.

3. Don’t Buy Too Much

Dorm rooms are (often) tiny. When looking into how to shop for your college dorm, less is generally more. Avoid buying oversized items and don’t feel like you need to get every single item on those “college dorm essentials” lists.

Think of the things you already use in your daily life and use that as a guide for what you’ll need in college. If you find there is something you’re missing when you arrive, you can always pick it up after move-in day.

4. Create a College Dorm Checklist

Make a comprehensive list of what you need before you start shopping. When you’re in the store, don’t be tempted to spend just because something is cute or it seems like you’ll absolutely need it. You typically need much less than you think.

5. Take Inventory of What You Have

You may already own a bunch of things you need for your dorm room, such as a shower caddy or a small fan. Go around your room at home and take inventory of what you have so you can decide what to buy.

6. Assess the Laundry Situation

Before you purchase a laundry basket or bag, you may want to find out where the washing machines are located — are they in your dorm or across the quad? Based on the answer, you might choose a laundry bag over a basket or vice versa, and can avoid buying the wrong thing (and wasting money).

7. Use Coupons

Look for coupons in your local circulars as well as online when determining what to buy for college dorms. Check out coupon websites like RetailMeNot and Coupons.com, or use a browser extension like Honey to snag the best deals.

8. Shop at Discount Stores

Why pay full price when you can go to a discount store and find exactly what you need for less? Check out places like Ross, HomeGoods, Marshalls, or Dollar Stores for deals on college shopping needs.

9. Look for All-in-One Sets

Complete sets — such as bed-in-a-bag, towel, dish, and toiletry sets — are often an excellent value compared to buying each item individually. Sets also make packing easier, since everything is essentially already packed. Just make sure you actually need everything (or most) of the items included in the set.

10. Sign Up for Target Circle

Another retailer that has a wide selection of items for dorm rooms is Target. People who sign up for their rewards program, Target Circle, can receive exclusive access to special discounts and promotions.

Recommended: How to Save Money in College – 20 Ways

11. Use Amazon Prime

Students can get a significant discount on an Amazon Prime membership, plus possibly discounts on flights and free food delivery. You’ll also receive fast, free delivery on all your college dorm essentials.

12. Use a Cash-Back Credit Card

If shopping with a credit card, use one that offers cash back. If you are searching for a credit card, try to find one that has no annual fee and a welcome bonus.

13. Don’t Buy the Cheapest Stuff

While it may be tempting to buy the cheapest dorm room items possible, buying flimsy things that will need to be replaced may not be cost-effective. Items will need to be sturdy enough to last you over the next four years or so. Even if you have to pay a little more up front, it’s going to be worth it if your stuff actually lasts until graduation.

14. Leave the Printer at Home

Some colleges offer free printing services as part of tuition. If that’s the case at your school, don’t worry about buying a printer.

15. Shop the Sales

Consider shopping when stores are running sales. This could be on shopping holidays like Labor Day and the Fourth of July, or in August when college kids are getting ready to head back to school.

16. Don’t Fall for the “Great for Dorms” Tags

Be wary of items labeled as ideal for dorms. These may be marked up, and it may be possible to find a less expensive counterpart that isn’t necessarily marketed for college dorm rooms.

17. Do Price Matching

Look into the prices of products at different stores to make sure you’re getting the best deal. If you find a lower price at another store, ask your preferred store if they will match the other deal. Many will.

18. Use Your College ID for Discounts

If you already have your student ID, you may be able to snag some bargains on college dorm essentials from some local stores. Keep your ID on you at all times when you’re out and about and shopping for the school year.

Recommended: 10 Money Management Tips for College Students

19. Create a Budget

Come up with a budget for your college dorm checklist and then stick to it. When you go shopping without a set college shopping budget, you could end up spending way too much.

20. Look for Hand-Me-Downs

Did your siblings go to college? How about your friends? They may have dorm room essentials they’re no longer using and would be happy to give them to you. Ask around and see if they have anything they’re willing to pass on before you spend money.

21. Check In With Your Roommate

If you coordinate with your roommate on things you need to buy, you can save money. For instance, maybe they’re willing to buy some cleaning supplies if you provide snacks or bring a vacuum.

Recommended: College Freshman Checklist for the Upcoming School Year

22. Try Thrift Stores

Check out your local thrift stores and hunt down bargains on dorm room essentials.

23. Buy on Facebook Marketplace

You can also find deals on Facebook Marketplace. Log on and search for deals near your home or college, or find sellers who are willing to ship your dorm room essentials to you. Proceed with caution, however, to avoid scams like the overpayment ploy.

24. Use Craigslist

When figuring out what to buy for college dorms, you might also check out Craigslist for local items for sale. Don’t be afraid to haggle to pay the prices you can actually afford for your college dorm stuff.

25. Shop With Cash Back Websites

Take a look at sites like Rakuten or Upromise that allow account holders to earn rewards on purchases. You can shop for dorm room items and earn cashback or other rewards on the items you were already planning to buy.

26. Use Gift Cards

Did you receive gift cards from family members and friends when you graduated from high school? Then put them towards your college dorm checklist so you don’t have to spend your own money on items.

27. Start a Registry

Your family and friends may want to contribute and purchase some of your dorm room essentials for you. Stores like Walmart and Target make it easy to start a college dorm registry or wish list you can share with your loved ones.

28. Look for Free Shipping

Look for free shipping to avoid expensive shipping costs. If you’re going to college far away from home, double check that the stores you are ordering from offer free shipping to that location.

29. Wait to Shop

If you’re on the fence about some purchases, wait until you move into the dorm. This way you can avoid spending money on something you won’t actually use.

30. Rent Instead of Buying

Sometimes, colleges will offer you the chance to rent bigger ticket items, like a minifridge, for your dorm room. If you price it out, you may find this is cheaper than buying the item, especially if you split the rental cost with your roommate.

31. Shop With Friends

You might want to get a group of friends together to go shopping together. You can share tips and possibly get better deals by purchasing in bulk and splitting up what you buy.

32. Sign Up for Stores’ Email Lists

Stores send coupons, sale alerts, and more out to their mailing lists. Consider signing up for the mailing list for stores at which you plan to do a considerable amount of dorm room shopping.

33. Set Up Price Alerts

You can set up price alerts through tools like CamelCamelCamel, an Amazon price tracker, to find out when college dorm stuff is going on sale so you know when to purchase it.

Bonus Tip: Best Places to Buy College Stuff

When shopping for college dorm stuff, where you shop can have a big impact on how much you spend, whether you’re shopping online or in person. Here are a few stores that offer a variety of dorm room essentials, typically at competitive prices:

• Amazon

• Target

• Walmart

• Overstock

• Wayfair

• HomeGoods

• Marshalls

• TJ Maxx

• Ross

• The Container Store

• The Dollar Tree

• IKEA

Paying for College

Shopping for college dorm room essentials can feel overwhelming, but things like making a list, creating a budget, shopping online with free shipping, and taking advantage of student discounts can help make it more manageable, and more affordable.

Another way to help with college expenses is to take advantage of any financial aid you are eligible for. You apply for aid simply by filling out the Free Application for Federal Student Aid (FAFSA) each year. Your financial aid package may include grants, scholarships, work-study, and federal loans, which can be used for tuition as well as other college expenses.

If you still have gaps in funding, you might also look into private student loans. These are available through banks, credit unions, and online lenders. Rates may be higher than federal loans, but you can often borrow up to the full cost of attendance. Just keep in mind that private loans may not offer the borrower protections — like income-based repayment and deferment or forbearance — that automatically come with federal student loans.

The Takeaway

To make setting up your dorm room as affordable as possible, understand room dimensions, forbidden items, and what your roommate is bringing in advance. Then try tactics like renting items, bringing furnishings from home, splitting bulk items with roommates and friends, and using coupon codes and cash-back tools to minimize the cost.

College can be expensive, so looking into grants, scholarships, and federal and private student loans can help you fund your education.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

How much should you spend on dorm room supplies?

The amount spent on dorm room supplies can vary tremendously from student to student and campus to campus. However, U.S. News & World Report recently cited a study saying the average is around $750.

How much is too much stuff to bring to college?

While there’s no definitive answer to how much stuff is too much to bring to college, conventional wisdom says that most students can get by with one-third of the amount of clothing and furnishings they actually bring. Remember, dorm rooms tend to be very small.

What to do if you overpack for college?

If you overpack for college, you might consider sending some items home, renting a small storage unit near campus to hold the excess, or selling or donating things you don’t need.

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SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.
Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

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The Ivy League is made up of eight elite private colleges, all of which are based in the Northeast. Being accepted to an Ivy League college is something some students work toward all their lives — but there’s more to gaining admission to these schools than good grades and a long list of extracurriculars.

With admission rates now hovering in the 4%-5% range, there’s a heightened sense of competition among top students in high schools across the country and around the world.

Read on to learn more about Ivy League colleges, including which schools are considered “Ivies,” the benefits of going to an Ivy League college, how much they cost, and ways to make your application stand out.

What Are the Different Ivy League Schools?

Named for their ivy-covered campuses, the eight private colleges that make up the Ivy League have many things in common. However, each school has its own unique reputation and characteristics that attract different kinds of students. Here’s a closer look at these top-ranked schools.

Brown University

Located in Providence, Rhode Island, Brown is known for its humanities programs as well as its Warren Alpert Medical School. Its open curriculum allows for a relatively free-form educational model where students are encouraged to take classes they like without having to accumulate certain requirements. Brown also gives students the option of taking as many classes as they want on the basis of pass-fail.

Columbia University

Located in New York City, Columbia is one of the most diverse Ivy League schools with 59% of undergraduates identifying as minorities. It also has one of the highest percentages of international students at any Ivy League, with up to 21% of its student body coming from foreign countries. This cosmopolitan college is host to renowned business, journalism, and law schools, and requires students to adhere to its core curriculum, which focuses largely on liberal arts.

Cornell University

Located in Ithaca, New York, Cornell is one of the largest Ivy League universities, occupying a sprawling campus in this scenic upstate town. Known for its agriculture and engineering schools, Cornell also has strong Greek life and a wide range of athletic programs.

Dartmouth College

Located in Hanover, New Hampshire, Dartmouth is the most rural of the Ivies, drawing a student body interested in the outdoors and Greek life — around 60% of students participate in sororities or fraternities. Its somewhat smaller student body allows for more one-on-one attention in classes and a strong sense of community on campus.

Harvard University

Located in Cambridge, Massachusetts, Harvard encourages students to take a wide range of courses through their general education requirements, which allows students to broaden their interests and take advantage of intellectual curiosities. The school has 12 residential houses that seek to foster a sense of community in an otherwise imposing setting.

The University of Pennsylvania

Located in Philadelphia, Penn is known for its four distinct undergraduate colleges, including the Wharton School of Business and the College of Arts and Science. Students have the option of taking part in Greek life, and are also encouraged to explore opportunities in the greater Philadelphia area, from internships to the wide array of cultural events available.

Princeton University

Located in Princeton, New Jersey, Princeton University offers either a liberal arts or engineering and applied science degree for undergraduate students, with both programs including general education requirements. Princeton is known for its international affairs and engineering programs, as well as their storied eating clubs, which serve as coed dining halls and social centers for students, and are comparable to nonresidential fraternities or sororities.

Yale University

Located in New Haven, Connecticut, Yale University is known for its creative writing and arts programs, as well as a residential college program and an array of secret societies. It’s also home to a renowned graduate drama program and law school.

Recommended: Ultimate College Application Checklist

Benefits of Attending an Ivy League School

For those who get that coveted acceptance letter, the benefits can be worth the years of hard work it took to get in. From growing your network to gaining access to world-renowned resources and professors at the top of their field, attending an Ivy League school can set students on an accelerated path to intellectual and professional success.

Having an Ivy League school on your resume may open countless doors when it comes to applying for jobs, fellowships, or graduate programs and may provide a leg up when it comes to advancing your career.

The amount of funding available at Ivy League schools can also be a major draw. All Ivy League schools have need-blind admissions policies, meaning that admissions officers will not look at a student’s financial need when considering their application. They also have a promise to meet 100% of demonstrated financial need based on household income.

Princeton recently announced it was waiving tuition for low-income students, a policy Harvard has in place, too, which takes things even further. Ivy League schools also have incredible funding opportunities for research and travel for students, allowing them to broaden their interests and perspectives.

Recommended: Paying for College With No Money in Your Savings

The Cost of an Ivy League School and Options for Paying for Tuition

All of the Ivy League schools are private universities, which usually implies a hefty price for tuition. The average undergraduate tuition for an Ivy League school for the 2024-25 school year was $64,806, plus room and board. But due to the universities’ impressive, multi-billion-dollar endowments, these schools are able to offer generous financial aid packages to prospective students.

While Ivy League schools do not offer merit-based or athletic scholarships, there are generally a wide variety of need-based scholarships awarded to students depending on their household income.

A student’s household income is equal to the combined gross income of all people occupying the household unit who are 15 years of age or older. Among Brown’s class of 2027, for example, students with household incomes below $60,000 received an average of $87,781 in annual financial assistance — nearly full rides, including room and board. For families making between $60,000 and $100,000, students received an average of $75,840 in annual need-based aid.

In addition to aid offered by Ivy League schools directly, students or their parents may choose private student loans to help ease the burden of paying college tuition and expenses.

Students will generally want to exhaust all federal student aid options (which include grants, scholarships, work-study, and federal student loans) before considering private student loans. But if there is still a gap between federal student aid and the remaining cost of attendance, a private loan may be an option for some students.


💡 Quick Tip: It’s a good idea to understand the pros and cons of private student loans and federal student loans before committing to them.

GPA Requirements for Ivy League Schools

An impressive grade point average (GPA) is only one aspect of a student’s college application. However, to even be considered for admission to an Ivy League school, students may want to see if their own GPA falls within the average for admitted students. Among the Ivies that release statistics on accepted students’ GPAs, the average weighted GPA is about 4.0 to 4.25, meaning mostly As.

How to Make an Application More Competitive

In addition to a high GPA and impressive SAT and/or ACT scores, prospective students often need to prove themselves in other ways to gain admission to an Ivy League school.

Excelling in advanced courses, like honors and Advanced Placement (AP) classes throughout high school may improve students’ chances of admissions, especially if students show a particular area of interest, like science or humanities.

While in the past, college admissions counselors would advise students to be “well-rounded” candidates, it’s now advisable to develop and demonstrate a passion for a particular subject area, which helps Ivies to build a more well-rounded student body.

Students can show their interests beyond academics by taking part in extracurricular activities. By engaging in activities early in high school and growing that interest over time, students show their commitment and enthusiasm for a particular area.

Strong interviews and letters of recommendation can also improve a student’s application, along with a strong personal essay. Ivy League admissions teams look for essays that highlight a student’s best qualities, perhaps expressed through a personal anecdote or description of a unique passion that displays a candidate’s distinctive character.

Hitting the “Submit” Button

Following the tips above may help improve a student’s Ivy League application, helping to gain admission to one or more of the most prestigious universities in the world. Of course, there are many schools that have the same academic rigor of an Ivy League, and it’s generally advisable to sprinkle in one or two “safety” schools for good measure.

But once a student has decided they want to apply to an Ivy League school, determined which is the right one for them, applied for financial aid, and completed their applications, it’s time to hit submit!

The Takeaway

If you’re hoping to attend an Ivy League college, you’ll want to consider each school’s admission rate, along with its particular academic program and financial aid statistics, to determine which is the right school to apply to.

However, it can be helpful to apply to a range of schools, both in terms of admission standards and tuition costs. This will give you options in case a school’s financial aid package isn’t as generous as you hoped.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

Which is the easiest Ivy League to get into?

While the Ivy League schools aren’t considered easy to get into, Cornell typically has the highest acceptance rate.

Why isn’t Stanford an Ivy?

Stanford is not considered an Ivy League school mainly because the Ivy League refers to a specific athletic conference composed of eight private universities in the Northeast, and Stanford is located on the West Coast.

What’s the #1 hardest school to get into?

The #1 hardest school to be admitted to is usually considered to be Harvard University. Harvard typically has an extremely low acceptance rate of 3%-5%.

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SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

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