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So you want to go to college. How are you going to pay for it? After all, the cost of tuition, room & board, and books can easily run you $10-15,000 a year at many schools, with some topping $40,000 for a single year. Do you have that sort of extra cash lying around? I didn't think so.

The solution can be for you to take the pat a family i know did. Even as bright as their children are (the low achieving daughter was second in her high school class by 0.0025 grade points), they did not come up with the academic scholarships and grants to cover their tuition. So what do you do with one child at MIT (later medical school) and two at Harvard? They chose a parent plus student loan">Parent Plus student loan. This allowed them to pay the tuition for the kids while investing their college funds and earning more than the interest rate -- eventually allowing them to completely pay off the oldest child's undergraduate costs within 2 years of graduation and putting them on target to do so with the other two. And with a 6.25% interest rate, they are paying less interest than with a home equity loan or credit card.

So for plus loan information and other information about paying for college, check out FinacialAid.com. Don't let money be the thing that stands between you or your child and a solid education.

Posted by: Greg at 11:17 PM | No Comments | Add Comment
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