Tips for Parents Preparing for Future College Costs

A May 23, 2006 CNN/Money article offers several options that parents may wish to consider if they have children who will be attending college in the future. The article discusses the fact that, for many parents, finding the right balance between saving for college and preparing for retirement is a difficult task. Among the tips offered are considering programs that slowly build college savings based on regular purchases (such as Upromise), completing financial aid applications as early as possible, and communicating the family's financial situation with the college-bound student. Also provided is a listing of pitfalls to be avoided, such as financial aid scams.

The article is available at the CNNMoney.com Web site.