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Saturday, May 28, 2022
Home Education How 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/

https://www.collegeboard.org/

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