With the cost of college increasing almost exponentially lately, I’ve had several requests for information on college planning, so I thought I’d put together some tips.
1. Start Early – Obviously the sooner you can start saving for college, the better.
2. Know How Much You Want To Pay – First decide if you are paying 100%, or less. I read a neat article on this decision that broke down college savings into 3rds. The parents pay a third. The children pay a third. A third is funded from grants, scholarships, loans, etc.
3. Estimate How Much You Are …Read More