College tuition fees have been skyrocketing over the past few years, making reliable college savings funds a priority for parents around the country. According to College Board, a nonprofit corporation that helps provide students with access to higher education, the average tuition fee at a moderate private university during the 2014-2015 school year sat at $46,272. Do not let that number discourage you though.
As a parent, you only want the best education you can possibly afford your child. After all, every child has the right to receive a proper education. Even with rising tuition fees, know that there are many ways to help lessen your financial burden and provide your child with the best possible college education. One of the best ways to do this would be to help your child win merit scholarships.
Sending children to college is something parents both want and dread at the same time. Sure, your kids have a better chance of finding a career in the future, but the cost for higher education is something that can make you think about crippling debt. A typical college education is worth thousands and thousands of dollars and that is only for one child. Multiply that by the number of your children and you’ll find yourself in a pretty pickle. Thankfully, trusted advisors such as John McDonough of The Studemont Group have some college funding services can help your kids go to their dream schools without breaking the bank.
The situation does present issues for both schools and the parents who want to enroll their children there. Consider that in some cases, students also take out loans from the school to finance their education–despite the overall national debt cracking the trillion-dollar barrier. When you need support to crunch the numbers for your children’s college tuition while they’re still in high school, expert college funding services like The Studemont Group College Funding Solutions, LLC are ready to help you.
Academic qualifications are often among the most important items school admissions officials look for in a potential enrollee. In the report, Weston said that some schools consider applicants with GPAs or test scores that are in the high quartiles.
Whether you’re wondering if a prepaid college fund plan is right for your child, or if your home’s equity can hurt your financial aid chances, take your queries to a knowledgeable college-funding specialist. Their years of experience can guide you into making better financial choices, not to mention that they will assist you in creating a plan on cash flow strategies for college years and beyond, as well as for retirement.
There is one good reason behind it all: college is much pricier today in relation to people’s income—130% more over the last two decades, to be exact. Such figures basically mean that students from 20 years ago literally had it much easier than the students of today. In this age, it isn’t only tuition that’s breaking the bank for most families—expenses such as the length of the degree, the cost of room and board, and untoward incidences all add up to the bill.
Still, there’s room for hope—scholarships, grants, and professional college funding services from people such as John McDonough of the Studemont Group College Funding Solutions LLC, offer numerous ways to pay for a decent college education.
When it comes to financial awareness and literacy, it stands ironic that not a lot of people are all that adept, considering that every single day presents – and necessitates – opportunities of doing so.
One of the bigger consequences of this failure to properly budget is that families are, at the last minute, struggling and cramming to find means to send their children to college. This, despite the fact that the parents (ideally) had some 16 to 17 years to brace their accounts for the impact that college education will bring.
Before you plunge in alone and explore your options, it would be wise to consult first with experienced college funding services like the Studemont Group College Funding Solutions, LLC, founded by its president, John McDonough. These services can help guide you through the perils of college funding so that you can procure the funds from the best sources available.
Services to help people with college funding solutions can help in several ways: They can scout out the colleges that provide the best aid packages you’ll need. Most colleges offer various financial aid packages to students needing financial assistance. Some aids offer far more than others, but the challenge is to find one that responds to what you truly need.