Paying for college should be a joint effort of the student and parents, with neither partner taking on all the work. By working together, they will make paying for college more affordable. Tips include starting the conversation sooner, teaching the student money management skills, being realistic about ability to pay, pursuing some financial planning tips before college, start searching for scholarships immediately and making smarter decisions.
Students and parents sometimes avoid talking about college affordability and college financial aid planning because it can be a bit awkward. A few good questions can get the conversation started.
Should College Students Have "Skin in the Game?"
Find out if there is evidence that encouraging students to take primary responsibility for paying for college makes them work harder or appreciate their education more.
College Financial Aid Planning Calendar
As the student advances from one grade to the next, there are several key steps the student and parents should take to find financial aid for college.
Last Minute Aid Options
Some families procrastinate on planning for college costs and applying for financial aid. Nevertheless, there are several options available to families who did not plan ahead, as well as families who are experiencing a funding shortfall.