When it comes to financing higher education, there are several alternative options that students can explore to alleviate the financial burden. One option is to pursue scholarships and grants, which are essentially free money that does not need to be repaid. Many organizations, institutions, and even private companies offer scholarships based on academic achievement, athletic abilities, or specific talents.

Another alternative option is to consider work-study programs, where students can work part-time while attending school to earn money that can be put towards their education expenses. Additionally, students can explore the possibility of taking out private student loans from banks or credit unions, although it's important to carefully consider the terms and interest rates associated with these loans.

Furthermore, some students may opt to attend community college for the first two years and then transfer to a four-year institution to complete their degree. This can significantly reduce the overall cost of obtaining a bachelor's degree.

Lastly, crowdfunding has emerged as a modern alternative for financing higher education. Platforms like GoFundMe and Kickstarter allow students to create campaigns to raise funds for their education, leveraging social networks and online communities to garner support.

It's important for students to thoroughly research and consider all available options to make informed decisions about financing their higher education.