Video Ace your college bills

Study up on the different sources of funds available for higher education

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There are several options you can consider tapping when it comes time to find the funds. Consider the pros and cons of each.

Key Takeaways:

  • A college education, although expensive, can be a valuable investment that is tied to many benefits, including increased earnings and lower unemployment.
  • Starting to save as soon as a child is born and using tax-advantaged accounts can help you build a college fund.
  • To find the money for college, try first to maximize funds received from grants and scholarships.
  • Next, consider what family and friends can contribute, and use loans only for the remaining amount that you can’t cover with other sources.
  • Considering flexible payment options can help you stay on track if you’re struggling to meet loan obligations after college.

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