Oftentimes, families overlook some very easy things that can make the transition to college a lot more affordable. Below are 3 easy things you can do to knock money off that tuition bill.
Financial Aid Strategy
Financial Aid is much easier than you think. When applying for aid, you want to make sure you fill out your FAFSA forms correctly and to the best of your ability to position yourself for as little out-of-pocket as possible, honestly. A College Planner can quickly show you how to do this and it could save you up to $40K off your tuition bill.
Don’t r rule out private schools:
With private schools being sometimes less expensive then public, you should always consider both. College planners have tools available to them that are not available to the open public to match you with potential money available at these schools. Remember, those that never apply for this money, never get access to the free money awarded.
Spend your summers elsewhere. If the school allows transfer credits, consider your child spending a summer or two in class — at a cheaper public school in your home state. Credit hours for an in-state resident can be as low as a few hundred dollars. Complete 15 credit hours and even at $400 per hour, you’ll spend just $6,000. Junior could then graduate early and if you’re a full-paying family, you’ll knock off upwards of $25,000 for a final semester’s tuition and fees. (Make sure the college doesn’t charge an early-completion fee).
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