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How to Establish Residency and Get In-State Tuition Savings

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College can be a huge financial burden, especially if you’re paying an out-of-state rate. The difference between 2017-18 in-state and out-of-state tuition at public four-year colleges is $15,650 on average, according to data published by the College Board.

Establishing residency in the state where you’re attending college can potentially save you tens of thousands of dollars. The process can be daunting, but understanding how it works is the first step to success.

Residency requirements

Requirements to become a resident vary widely by state and university, which can make the process confusing. Generally, you need to establish a physical presence in the state, an intent to stay there and financial independence. Then you need to prove...

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