Despite media hype surrounding the sky-rocketing costs of college, the truth remains it is more doable than ever before.
Though some schools serve as outliers, the average tuition cost for a four-year public school in 2010-2011 was just over $7,000. Additionally, tens of thousands of dollars are readily available from governmental assistance programs—not to mention many private lending options.
College, as with everything, requires some sort of plan and intentionality—even if it’s the eleventh hour and the last minute, approach paying for college with a plan. Consider the following:
1. Seek help
Though many use libraries and the Internet as a starting point to begin their research efforts, certified college funding professionals will ultimately save you both time and money—providing you with intangible knowledge and resources that simply won’t be confined to the pages of a book.
2. Strength in numbers
After carefully weigh the pros and cons of each as well as the various financing packages offered, apply to multiple institutes—both private and public colleges alike.
3. Consider the facts
Calculate the total cost of attending college—not forgetting the obvious expenses: tuition and books as well as the easily forgotten fees of: housing, utilities, food and transportation, cell phone and computer, entertainment, car repairs, possible medical bills, Spring Break, and expected time for graduation (i.e. 3, 4, 5+ years, etc.) Compose a legitimate estimate.
4. Paint your best financial picture
Just as you would get everything ready to get your portrait taken, so too should you get your financial portrait just right before applying to colleges. Recognize that placing money and sometimes shifting your portfolio around, can save you thousands off your college tuition bill.
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