The cost of a college education in the United States is rising. According to the College Board, it can cost your family $23,890 to send your student to an in-state public school, and $32,410 for a private school. To help American families with college costs, federal and state governments and colleges give more than $200 billion annually in financial aid. Your student can apply for financial aid to receive support to help meet the costs of obtaining a college education.
The costs of higher education are rising. According to a recent College Board survey, today’s college education costs approximately $24,061 for an in-state public college and $47,831 for a private college, up 3% since last year.Inadequate planning through the college financial aid process can bring the burden of unnecessary debt in the form of unsubsidized federal loans, private bank loans, or home equity lines of credit. In our years of working with middle- and upper-income families, we have learned that you can save as much as 50% off of tuition costs with proper planning.