Personal Finance and Investing

It may very well be the last thing that is discussed when planning for college, but financial planning is serious business. Secondary education can be expensive, and without proper planning some families are left struggling to find the money.

College today can cost up to $40,000 per year, for tuition and housing alone. By planning early and saving often, you can ensure that your child gets the best education possible.

Here are some quick tips to get you started.

1. Saving: Of course the easiest way to pay for college is to save the money. Unfortunately, for many families, saving enough simply isn’t possible.

You should still save whatever money you can. Parents can contribute to their own education fund, and a student can save their money throughout their high school years. Instead of expensive cell phone plans, consider putting that same money into a monthly savings account.

2. Scholarships: The next route to consider is scholarships. This money doesn’t need to be paid back, and can be a big help in paying for college. Scholarships are available from businesses, colleges and high schools, individuals, religious groups, and more. There are both merit based and need-based scholarship programs.

A student should apply to as many scholarship programs as they can. There are online search services that can help. You can find other scholarship programs through your school; high school counsellors can be a big help in this area.

The application process for scholarships is sometimes as complicated as the college application

Tags: Application Process, Best Education, Cell Phone Plans, College Application, College Planning, College Scholarships, Colleges, Education Fund, Financial Planning, Find Money, High Schools, Money College, Parents, Religious Groups, Scholarship Programs, Search Services, Secondary Education, Serious Business

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