where can I get practical help in planning college finances?
As the day of college entry gets nearer, where can I get practical help in planning college finances?
answer:
The guidance counselor in the local junior high or high school is a golden source of information. Consult her as soon as your youngster is in 8th or 9th grade, and she can help you get a head start on practical planning. Guidance counselors know which schools cost what as to’ tuition and living expenses, and also know about the many little things that add up to a lot—such as snack foods, laundry, on-campus travel, dues for fraternities or clubs, and entertainment. These are costs you have to estimate in making a sensible budget.
Guidance counselors also know the best sources for loans and scholarships, and how to apply for them. In addition, they are familiar with part-time work opportunities, and can give a good idea of the earnings that can be expected during the academic year.
If you already know which college your son or daughter is going to, you can consult the financial aid officer at that school for specific information on loans, scholarships, and part-time jobs. The financial officer will also be able to give guidance on miscellaneous expenses.