How to Find the Right Sources
Few college-bound students have the financial resources to pay for their post-secondary education entirely out of pocket. Even students with substantial college savings plans typically find that they are left with sizable amounts of unmet need. The average total cost of attending a public four-year college is more than $20,000 per academic year. Students planning to attend a private college or university can expect to spend more than $30,000 per academic year. A college education is a costly proposition, and all indications are that those costs are only going to increase.
With the cost of a college education continuing to rise, most students will need to consider various types of financial assistance. It is not unusual for a student’s college fund to be comprised of some combination of personal savings, family contributions, scholarships, grants and student loans.
When preparing a college fund, no financial