The below short article is a primer on how to approach college planning. There are actually two phases … and most people get these reversed. The practical order is:
1) Search for a career that the student will thrive and be interested in
2) Search for a college or university that provides the educational background in the above career.
Finally, see how the education may be paid for … aid nowadays essentially means loans. Grants or scholarships may be available so be creative searching for those as well. Are scholarships offered by organizations associated with their career field, for example?
Tip not is the article: You can go to PayScale.com and click on the College Salary Report link on the home page … this will give you an idea of the kind of salaries you may expect upon graduation. And with that, get an idea of how much you should borrow. The Department of Education website provides guidelines under the “income-driven repayment plans.”
This article also appears in the Wall Street Cheat Sheet.
Original blog … College Admissions Private Counseling – Good Idea? … that inspired my syndicated article.
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