Most of those who attend college don’t have their parents paying for it or have a scholarship that pays for a full ride. That means that they are responsible for at least a portion of the cost of going to college. I think a lot of young people would be in a lot better financial shape if they did some planning before they actually stepped foot in college like the young woman who sent me this e-mail is trying to do:
I will be a senior in high school next school year and I hope that you can help me with a big problem I have. I really want to go to college, but my mom can’t afford to help me pay for it. All the expenses are going to be mine. I know that I’m going to have to take out some loans to make this dream come true, but I don’t want to take out thousands and thousands of dollars in loans.
I have a little over a year to start planning. I haven’t chosen a college yet and I’m not too set on going to one specific college at this point. I want to know what is the best way for me to get a college education without spending lots and lots of money. Any help that you can give me will help me to make my dream of going to college possible. Thank you for your help.
It’s not often that you find someone this young already thinking about the best financial moves to make and it is something that we adults should encourage. I hope that everyone that reads this will take a few moments of their time to write some suggestions and give advice on how to save money on a college education so that she can attend, get her degree and graduate with a minimum amount of debt.
(Photo courtesy of Colin Kinner)