Paying for College

Ongoing College Costs

Now that most high school seniors have graduated and settled their higher education plans for fall, they and their parents turn to face the next set of hurdles: Paying for college. What kinds of expenses can families expect whenever a son or daughter goes off to college?

As you no doubt know, the cost of college tuition and room and board can be very high. The most expensive colleges and universities in the United States cost well over $50,000 per year. Others, such as smaller private colleges and state universities can be much more affordable, costing a third (or less) as much as the most expensive schools. A lot of parents focus on just the tuition and room and board charges, feeling that if they can squeeze out some financial aid and make a heroic effort to make up the difference, then all will be cool. There are other factors to consider.

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