Advice To Parents On Saving For College

Start Earlyinvestments can add up over theyears. Encourage
Planning and financing for college begins well beforegrandparents to get involved by giving college money
high school. Selecting thecollege to attend. A properinstead of toys for birthdays,
foundation for learning is of utmost importance forChristmas, etc.
college admission andscholarship consideration.Enroll in Dual Enrollment College Classes
Make Appropriate Course SelectionsCheck with your local high school and colleges to see
Selecting the right curriculum in elementary, high school,if dual enrollment college classes are availableand how
and college are linked. Being ready for college whileto meet the requirements. Taking college classes and
positioning oneself for scholarship and other financing isreceiving college credit before leavinghigh school can
a process. The transition fromelementary, middlesave time and money!
school, and high school to college is determined byShop Around
taking the right classes likeupper-level math andConsider In-State colleges as opposed to Out of State
science, foreign language, honors' classes, andcolleges since tuition is much higher for some
Advanced Placement (AP) classes. Boosting the GPAOut of State colleges. Look at smaller colleges, which
with these classes is important in class rank andmay have more scholarships, lower GPAand college
college entrance.entrance test requirements, or other Sports/Fine Arts
Talk To Your Childscholarships. Don't overlook
College planning is a family concern. Since a college2-year colleges as a less expensive way to reach the
degree is essential for students and thecost of afinal four-year degree. Living at home forawhile could
college education continues to rise, a collective effort isalso cut college costs. Compromise could be the
needed. Waiting until high schoolfor parents to speak tosolution to being in debt.
their child about college, actually doesn't make sense.Loans Should Be the Last Option
Without communication, the child may develop theStudents do not need to spend the years following
assumption that all is well and that the parents havecollege with hundred of thousand of dollars in loans
planned to pay for his/her college expenses. Parentswhile being in debt the rest of their lives. Parents do
may think that they have college expenses coverednot need to borrow from retirement funds and not be
and their child may have other colleges in mind withable to live comfortably for the rest of their lives. If
higher price tags or further college goals. Whateverloans are needed, let the loans be short-term and
the situation,parents and their child need to be openlow-interest and shared by parents and the child. If
and honest about their feelings and realistic aboutparents can't pay loans, then have the child apply for
college issues.the loan, but help the child in other areas for college.
Set Up Two College Funding Plans- One CollegeThe years from cradle to college come too fast!
Funding Plan for Parents and One for ChildBacking yourselves into a corner and reaching
Research various savings plans for you as parentsthecollege years with no available funding are a direct
and for your child beginning early to reach yourcollegeresult of not planning ahead.
funding goals. Don't let it catch you by surprise. Small