MONEY Magazine: Chatzky: Who's afraid of paying for college? - May. 23, 2006
- tuition costs scare parents - post by deshi80227
The article covers some of the topics funding sources discussed in Everybody Else's Guide To Getting Into College, but targets its advice to parents.
Chatzky advises parents to plan and pay for college by:
- Join college rebate and reward programs and deposit into a tax-deferred savings account
- Apply "aggressively" to financial aid programs, contests, lenders, scholarships
- Use money from their 401(k)
- Set up a 529 college savings plan
- Go to an in-state college instead of out-of-state or private colleges
- Get the kids involved in saving for, and paying for, college
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