iCrowd Newswire
26 May 2023, 20:49 GMT+10
Sending a child off to college can be an exciting and emotional time. Before your child starts that first semester, it's important to consider how to save and plan for college-related expenses. Here are some tips to get you and your family started.
Thinking about the big picture, and weighing all your options, can be a helpful and sensible way to approach budgeting for college. From resources like financial aid and scholarships to taking out loans and paying some costs out-of-pocket, there are many ways to manage the cost of tuition, books, and housing.
Paying out-of-pocket is another option to fund all or some of your college costs. In addition to using savings you may have set aside, you may decide to utilize other resources, such as the cash value of a permanent policy like whole life insurance or universal life insurance.
Financial aid can help ease the cost of paying for college by providing you and your child with access to federal student loans, grants, and more. The primary way to apply for financial aid is by filling out the Free Application for Federal Student Aid (FAFSA®) form. After you fill out the application, typically, each college you're admitted to will let you know what your financial aid package is.
Many students and parents take out loans to cover college costs. Loans can be public or private, and federal loans can be part of a financial aid package. You will have to secure private loans on your own, though schools may have a list of trusted lenders. With any type of loan, make sure you understand all the details, including repayment terms, timelines, and interest rates.
College costs are more than just tuition and housing. Supplies and books cost money, too. If you're looking to save, consider looking online for affordable options, including secondhand or used books. These costs add up, so be sure to factor these expenses in when planning out your finances.
When they aren't studying, your child may want to catch a concert off-campus, have a dinner out, or take a trip home for some time away from papers, tests, and college life. Like anything else in your budget, it can be useful to keep spending money and funds for trips home in mind.
The primary purpose of permanent life insurance is to provide a death benefit. Using permanent life insurance accumulated value to supplement retirement income will reduce the death benefit and may affect other aspects of the policy.
Source: iQuanti
See Campaign: https://www.iquanti.com
Name: Keyonda GoosbyEmail: [email protected]Job Title: Consultant
Tags:CE, PR-Wirein, ReleaseLive, Go Media, IPS, Reportedtimes, Google News, Extended Distribution, iCN Internal Distribution, EnglishGet a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationSAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
New Delhi [India], July 2 (ANI): A seminar on the prospects and possibilities of artificial intelligence in Northeast India was organised...
Hyderabad (Telangana) [India], July 1 (ANI): NMDC, India's largest iron ore producer, marked a significant milestone with the inauguration...
YINCHUAN, July 1 (Xinhua) -- China on Monday reached a major milestone in desertification control by completing a barrier belt along...
Hyderabad (Telangana) [India], June 29 (ANI): Olympic Games Tokyo 2020 medalist Lovlina Borgohain eased past Punjab's Krisha Verma...
Hyderabad (Telangana) [India], June 29 (ANI): Former youth world champion Ankushita Boro showcased her class on Day 2 of the Elite...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
Several Russian regions came under attacks overnight, according to officials At least one civilian was killed and several others...
Several Russian regions came under attacks overnight, according to officials At least one civilian was killed and several others...
Ukrainian officials claimed at least 13 impacts, with blurred-out footage showing large fires lighting up the skyline Ukrainian officials...
Ukrainian officials claimed at least 13 impacts, with blurred-out footage showing large fires lighting up the skyline Ukrainian officials...