Any advice for parents on paying for college?

College Admissions

Our counselors answered:

Any advice for parents on paying for college?

Benjamin Caldarelli
Partner Princeton College Consulting, LLC

Any advice for parents on paying for college?

Smart early planning is always best and can make college much easier to pay for. Beyond financial planning techniques, which can be extremely beneficial for maximizing need based aid, smart academic planning can pay huge dividends. For instance, hiring academic and test prep tutors is usually a very smart investment. Better grades and test scores can result in exponentially more merit aid.

Suzanne Shaffer
Owner Parents Countdown to College Coach

Any advice for parents on paying for college?

If you have time, start saving. If you don't have the time, encourage your teen to begin searching for scholarships early. Their GPA can also help with leveraging more merit aid upon acceptance. Finally, compare prices and look for colleges with the best value and the most financial aid. As a last resort you can certainly borrow, but before you incur debt I would exhaust all your other resources.