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Friday, December 9, 2022
HomeEducationHow to Pay for College

How to Pay for College

Get expert advice on how to pay for college from Certified Financial Planner Ann C. Alsina, CFP®, CPWA® of Covington Alsina, and Lee Norwood from Annapolis College Consulting.

With tuition for an instate school at $25,000 per year, $40,000 if the student is from out of state, parents need a plan for paying for college.

Get answers to the following questions about paying for college:

  • What does it financially take to go to college these days (what is the price range of schools) and is that number headed up or down?
  • How do you know what you can afford?
  • How do you pick the right school for you?
  • And how does cost factor in?
  • What are some ways to plan ahead for paying for college?
  • And when should you start?
  • What is a 529 plan?
  • Are there other options out there and how are they different?
  • What does the scholarship scene look like these days?
  • How competitive are scholarships? Where can you find them?
  • What does the application process look like?
  • What role should your rising college student be playing in this process?
  • How can you teach your child to save money for school and learn to manage money?
  • What is work study and how can it fit it to paying for college?
  • What are some resources you can recommend to parents and students?
  • What is the range of support that is available to guide families through this process?

Additional resources

The Common Data Set (CDS) initiative is a collaborative effort among data providers in the higher education community and publishers as represented by the College Board, Peterson’s, and U.S. News & World Report. The combined goal of this collaboration is to improve the quality and accuracy of information provided to all involved in a student’s transition into higher education, as well as to reduce the reporting burden on data providers.  https://commondataset.org/


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