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Friday, January 23, 2009

College Tuition - Solely A Parents Responsibility?

By William Blake

When your child reaches the end of his or her high school education you may automatically begin to see dollar signs. They want to further their education and you know that is what is best for them. But who will pay for it?

Today we live in a competitive world. In order to be a major player in the game it is important to have a good education. Of course you want your child to have a bright future and as many opportunities as possible to succeed. A college education plays a major part in your child's future prospects.

Parents continue to support their children through the college years. A summer job is hardly enough work to finance an education, so parental help is necessary. Some parents, however, don't have the finances to fund a college education for one child, let alone two or three.

Good students begin thinking about their higher education early. As they are nearing graduation from high school they already have an idea what area of study the want to enter and what college will offer the best program in that area.

In early planning a student can do much to help finance their education as well. By working hard in high school and maintaining a high grade point average they put themselves in line to receive scholarships and financial aid that will help them finance their education.

While it is true that it is difficult for students to fund their own education if they plan ahead and work hard in high school they will be eligible for grants and loans, financial aid, scholarships and other assistance that can greatly reduce the amount of that parents have to pay toward their child's education.

Parents can plan ahead as well. No matter where you live there are numerous college savings plans that parents can take advantage of as early in the child's life as possible to help them be prepared to contribute toward their child's college education. A good college fund can really relieve a lot of stress of college expenses.

If both parent and child work together and begin planning early there is much that can be done to reduce the stress of paying for college. Develop a savings plan early in your child's life and train them to be conscience of ways to help out, working part time, saving money and working hard to get good grades in school. All of this will make things much easier when that first tuition check comes due.

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