What is the best way for parents to pay for college?
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What is the best way for parents to pay for college?
How do parents pay for college?Create a college savings plan.Apply for PLUS and private loans.Cosign student loans.Tap into retirement plans.Use home equity loans.Review inheritances and encourage gift giving.Teach them valuable money lessons.
Can middle class families afford college?
Zaloom says middle-class families tend to make too much money to qualify for the federal grants reserved for low-income families — but not enough to pay for college outright. And especially worrying about college costs because it is the most important way today that families can open up opportunities for their kids.
Why parents should not pay for college?
Here are some reasons parents shouldn’t help pay for college: Students learn more responsibility and gain more real life skills. Students remain more focused on education rather than party life. Students learn the value of money and are therefore more prepared when they hit the “real world”
