College is expensive. With tuition, books, fees, and room and board, the costs can quickly add up. It can cost thousands of dollars to send one child to college. If you have more than one child, the costs multiply.
College is important though. A quality education can greatly increase a person’s lifetime earnings and can help them find a career.
While many parents have some idea of how they will pay for college, they might not have a plan and the pieces might not be connected. They might have some money in an account like a 529 plan, they might have some idea about financial aid and be hoping for scholarships, and they might be dreading their child, or themselves, getting loans to fill the gap.
We all know that student loans are a significant issue in our society. Student loan debt is increasing every year, and it is a significant burden to many.
