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.
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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/
