|
4/25/2006
An April 22, 2006 article from MONEY Magazine provides tips for parents who, although they will soon be facing college costs, do not feel they have adequate savings to cover the expenses. Depending on a family's financial situation, it may be wise to consider spending the first year or two at a less expensive college and then transferring to the student's first choice to complete the degree. Families are encouraged to complete financial aid applications as early as possible each year, and to communicate with the college's financial aid office regarding any questions or concerns about the aid offer. The article advises parents to use caution if considering the use of home equity or retirement funds to pay for college expenses.
The article is available at the CNN/MONEY Web site.
|
