College is expensive! But we didn’t have to tell you that if you are a student or a parent of a student. Why should you start your college funding as soon as possible? Here are a few solid reasons not to wait another day.
- Tuition is up 559% – Just based on figures between 1985 and 2011, tuition fees jumped more than 5 times! Since 2011, those numbers have continued to climb.
- Demand is up – According to one study, 86% of parents expect their kids to go to college. That means beginning to fund it now so that expectation can be met.
- Avoid loans – According to another study, 43% of parents take a personal loan to fund college for their kids, and 24% take on a second mortgage or home equity loan.
- Avoid student loans – 37 million Americans have student loans totaling more than a trillion dollars. More than 2 in 5 graduates are behind on their payments.
Funding for college is a simple formula. You need to understand the cost of attendance and know how much the family will be able to contribute in cash, and then you know how much you need to fund through financial aid, scholarships, grants, and (as a last resort) student loans.
Start Your College Funding Process Today
The college funding specialists at College Planning Source can help you to get your plans for the future started today. Just call 858.676.0700 today to learn more, or submit our online contact form. You’re just one step away from getting your college funding process started!
