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How to Save and Finance Your College Education

Dec 17, 2012

Finance is a major factor that influences the decision to go for a college degree. It is an investment in your future that you need to take very seriously. Here is how one can gather a good amount of financial aid way before you even get the admission for a bachelor’s degree course.

Be an Early bird

Build a college fund for yourself. From the weekly allowances you get, the odd summer jobs that you take up and the garage sales that you have, you could put aside a good bit in a college fund. The trick is, the earlier you start the smaller the amount you will need to put aside each month.

Get Financial Aid

In addition to the systematic savings plan you might need to apply for financial aid to get into your college of choice and fulfill the education requirements for your career.. Your first shot should be to try for a grant or scholarships. They need not be repaid. Alternately, you could also apply for education loans that come with low interest rates and can be repaid after you finish your course and secure a job. You could also look for colleges which offer work-study programs. These let the students work during summer time or take up part-time jobs during non-study hours of the day. This way they can repay a sizable amount of the loan during the college term itself.

Got further questions? Catch me on twitter and DM me @529SavingsPlans or e-mail me at 529CollegePlans at Gmail.comWant to be heard? Leave a reader comment below.

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