Halfway Through Their Summer Vacation: Have You Thought of Tuition Yet?
Don’t you wish you had a summer vacation that lasted three months?
Whether you dread the day your child leaves for college, or are eager to get them out of the house, their summer vacation is already halfway over! You’ve planned their high school graduation party! You’ve spent hours in aisles collecting dorm room essentials and school supplies! But have you sat down with your child and discussed their college tuition?
Whether you’re writing the check yourself, or encouraging your child to take financial responsibility with student loans, it’s important that college students understand how much their education costs, where the money is coming from, and what their part will be in paying it all back. You understand the significance of tens of thousands of dollars in debt. It may not be so easy for a seventeen or eighteen-year-old to get a clear picture of how much money that is when a “good paycheck” at their part-time job is two-hundred dollars.
By helping your child get a grasp on their financial situation before they head off to school, you can help to ensure that they’ll be able to focus on their interests and begin to plan for their future with the seriousness of knowing this isn’t a four-year party, but an investment. A college education is invaluable both academically and personally, so it doesn’t come cheap.
While financial aid, scholarships and grants can all help pay for college tuition, they’re not always the right answer for you and your child’s circumstances. Not all families qualify for financial aid. Sometimes even after all is said and done, there’s just still not enough to cover the hundreds of dollars needed for textbooks. When this is the case, private student loans can be the answer to paying for college tuition.
Private student loans are offered by banks and other financial institutions, from national lenders, to local banks and credit unions, so you will have many options when searching for funding for college to find the best loan plans for your specific needs. You can search for a private student loan that fits your needs on a site like Private Student Loans. Tell them exactly how much you need to borrow, which college your child will be attending, and they’ll show you an array of options to help pay for tuition!
Now that you’ve got another way to ensure your child gets the education needed for tomorrow’s job market, grab an iced-tea and take a seat by the pool! This summer has been as hectic and crazy for you as it has been for your child!
Best of luck planning your child’s bright future!
The Cappex Team