Ready or not, the days when you will be helping support a college student are coming. For some of us, the challenge of having a college student hits next school year. And it is not an easy thing financially. The National Center for Education Statistics estimates that tuition, room and board at the average public college or university will cost about $11,600 this year. And for private institutions, plan on about $29,915 per year.
So, where does the money come from for college? To a large extent, the answer to that question depends upon your student, your family resources, and how hard you are willing to work to find it. Let's look at some of the key questions, and then we'll explore how to find money for college.
Identifying Your Child's Needs and Resources for College Costs
Preparing to pay for college can be a big challenge. Estimate your needs and resources and the challenge of paying for college can be broken down into manageable chunks.
Finding Government Financial Aid to Help Pay for College
The United States Government provides a variety of resources for college students including grants, federal student loans and other opportunities. Learn what resources are available for college-bound students for government financial aid.
Finding and Applying for Scholarships
Funds for college are often available in the form of scholarships and grants. Whether the scholarships come from the college of choice or from other private sources, they are an excellent way for college-bound students to pay for most if not all of their college expenses. Find out how and where to find scholarships and how to best apply for scholarships.