College Costs | Being Scam Savvy | Debt Management | Personal Finance

Making Informed Decisions About College Costs

When reviewing college financing decisions, gather as much information as possible to make the most informed choice you can.  Our office is available to answer many of your questions, but we might not be able to answer your questions about other colleges, especially private colleges.  Do your homework and research financial aid options-- your college years are worth it.

Many students apply to multiple colleges and must compare financial aid packages.  Be smart!  Compare the value of the degree and the education you'll receive.  You also need to compare the cost of attendance.  Is a large scholarship hiding a larger price tag?  Look at this example:

Even though College B has a more impressive award notification-- $14,590 is a lot of money!-- it also has a bigger price tag.  The family will have more out of pocket expenses.

You should also do your scholarship homework!  We have listed many links for scholarship searches.  Don't forget to continue to apply for scholarships throughout your college years. 

Some families may have other options.  If you have considerable home equity, your parents may want to consider a home equity loan.  Only your family can determine if this is the best option.

Some times, affording college means thinking creatively.  Make a financial plan for college.  Research scholarships, explore financing options, work every summer, and compare college costs.