This is a segment of Bautis Financial’s college planning series, which includes webinars, podcast episodes, blog posts and downloadables to aid college-bound students and families in the admissions process. Visit our college planning hub for more valuable resources.
College classes are starting soon and many parents have tuition on the mind. Here are three tips on for parents who pay for their children’s college education.
- Save for it! One popular way is through a 529 College Savings Plan.
- Utilize federal student loans and grants. For example, federal PLUS loans cover expenses traditional student loans don’t.
- Beware of private lenders. There are more private options than ever, but be careful. Repayment terms generally aren’t favorable.
Paying for college can be challenging. Begin saving now, research scholarships and calculate your repayment schedule after graduation.