Plan For College

Tuesday, November 22, 2011

5 Financial Aid Resources for Parents

College is expensive. If you have a child, it's time to start saving - no matter how young. Today, the Plan for College blog has five articles for parents to read and share with other parents. They're each a bit different and were written to help people understand FAFSA, college savings plans, and even a few sneaky college fees to be aware of. Here are our top five financial aid resources for parents:

Financial Aid Resources for parents:
(recommend them with other parents on Facebook)

A good starting point for explaining financial aid is simply defining it. With many types of scholarships, grants, and loans out there, it can be tough to understand the differences. For parents, it's important to understand what qualifies as financial aid and what qualifies your family.
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Michael Szarek is the founder and director of College Counseling for the Rest of Us. In this article, he covers why everyone should fill out the FAFSA, regardless of income. See if you fit into any of the scenarios he explains.
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It's never too early to start saving for your child's college education. How much could college cost 18 years from now? This article describes 529 savings plans - see if any of the options fit your budget.
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Although not a happy subject, it's necessary to cover. Separated and divorced parents need to understand how the financial aid process works. This is a robust article that all parents who fit into one of these two scenarios should read.
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This resource covers fees beyond the financial aid world. These are small (well, it's all relative) charges here and there that add up in the end. This is important for both parents and soon-to-be college students. Many of these fees will likely be the burden of the student!

Interested in learning more from The College Planning Group? Call our founder, Stan, at 800-985-8569 to schedule a free consultation.