It is nearly impossible for anyone to attend college these days without having to rely on some form of credit and financial aid. The cost of college has skyrocketed over the last few decades and without credit in the form of student loans many people simply would not be able to attend. The costs would be too prohibitive.
Even though the costs of attending college are high, the new global markets and other high paying job opportunities all but demand that a college degree be obtained. This article discusses some ways to ease the burden of paying for college.
Saving and borrowing are the two most common ways of getting money for college. Here are some tips on how you can do both in an effective way.
You can consider using Education IRAs:
These savings vehicles can be an excellent choice for saving for college but they work best when they are started early. Some of the features they offer include: Penalty-free withdrawals as long as the money is used for higher-education expenses for yourself, your spouse, a child, or grandchild. These IRAs allow for qualified expenses. These include tuition, fees, and room and board for postsecondary education and that...
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