What are your best college-savings plans?

What are your best college-savings plans? share it


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Hi there!

Well, the old standby that always seems to work is… work. Working hard and making sure to save as much of your paycheck as possible is a great way to save for college. Next, you may want to save any and all birthday money you receive and make sure to put it in a high interest savings account. Yard sales work, too. And making sure to budget your money by day/week/month/year/whatever can help you make sure you’re saving enough based on what you’re earning.

However, if you don’t save enough before college, you may have to find alternative means during school. Make sure to apply for scholarships and grants and to apply for the FAFSA to see what financial aid you can receive federally. If that doesn’t work out, you can apply for a private loan and see what options you have for paying it off. You may want to get a deferred payment loan option, so that way you can continue to work during school and save up all of your money, so that after you graduate when you need to pay back your loan, you have more money saved up so that you can pay it back quicker.

To find out about deferment options from different lenders, I suggest you compare rates and offers. I represent http://www.TuitionBids.com , a site that lets you apply once and then get offers from up to six different lenders. Plus, on the site, there’s a gap calculator http://www.tuitionbids.com/student-loan-tools-and-advice/college-information-gap-analysis-search.aspx that will help you figure out how much money you need to save to cover the cost of the school you’re looking at.

Hope this helps; best of luck!

-Katelyn


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