Paying for college is rarely an all-or-nothing proposition. Few students receive full scholarships and, for many families, paying the entire cost of a four-year college education directly from disposable income or accrued savings is not an option.

For most families, paying for college involves a three-pronged approach:

  • Financial Aid
  • Loans
  • Savings

By starting early and saving often, you can reduce future out-of-pocket costs. And remember, you don’t have to save the entire amount. The more you save, the less you and your child will need to rely on loans.


Source: Sallie “How America Plans for College, 2013.”

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