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Parent’s Guide to Financing College - OnlineSchools.org
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As a parent who dreams of sending your child off to college without incurring debt or taking on high-interest loans, it’s important to research effective ways to finance your child’s education, regardless of how old they are now. FinAid, a nationally recognized source for financial aid information, notes that parents who plan to finance their child’s education can expect to pay close to two thirds of the total cost “through a combination of savings, current income, and loans.” While at first, the idea of paying for college may seem overwhelming, especially given the multi-pronged approach listed above, it is easier once you begin to research and implement strategies for financing. This guide to financing your child’s college focuses on a variety of savings, loans and federal financial aid options. First, however, it’s important to know approximately how much your child will need for school. Estimating CostsWhen it comes to estimating the cost for your child to attend college, FinAid re...
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