Ace your college bills
Study up on the different sources of funds available for higher education
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.