Franklin County

Ways to Pay for College, Part 2

Increases of higher education costs have made it more difficult for families to pay for college. But difficult is not the same as impossible. Opportunities exist with proper planning, a little creativity, being smart about leveraging finances and extensive homework.
     College Parents of America offers these suggestions to help families pay for college:

• Seek out work/study programs. This may mean a paid internship in which the student can alternate working a semester in their field of study and college credit, and then attend classes the following semester. Some schools provide free or reduced tuition in exchange for working part time on campus.

• Pursue scholarships from multiple sources. Start this search as a sophomore in high school.

• Leverage scholarships and grants. It is possible to find matching private sector aid.

• Borrow for college, but avoid overextending.

For more information, visit College Parents of America’s web site at www.collegeparents.org.

 Source:  Association for Financial Counseling and Planning Education Forum, April 2002, p. 3.

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		Franklin County University of Missouri Extension Center FranklinCo@missouri.edu Last revised: 08/21/08