As the price of higher education becomes more expensive year after year, it becomes incumbent for both parents and students to be more informed and savvy about finding ways to make this dream more accessible and less costly over time. It’s a daunting task for most families; especially for those students who will absorb the primary responsibility of financing their own education.
I’m grateful to one of our readers (thank you Brandi) for the link to the following graphic from CompareCards.com. It is a comprehensive and thoughtful treatment of a long-term relationship with finance and debt of college expenses, and ways for students to begin a life of negotiating the intricacies of the financial marketplace.
I might suggest that you sit down with your student to walk and talk your way through this step-by-step process of considering the ways your family’s unique financial situation will come to play as your student begins the college experience.