If you have a child that you want to go to college — or you're a grandparent or aunt / uncle or godparent — a 529 college savings is, hands down, the best way to
help that child pay for college when they grow up.
Our couple is passionate
about helping their children pay for college and now that they have some extra money available (since they don't have a mountain of bills) they can easily afford to start funding an Education Savings Account (ESA) or 529 College Plan for their young children (we'll assume they have 2 by this point).
If you have a child that you want to go to college — or you're a grandparent or aunt / uncle or godparent — a 529 college savings is, hands down, the best way to
help that child pay for college when they grow up.
While there are various options to
help your child pay for college — such as student loans, scholarships, grants and work - study jobs — you probably can't take out a loan to cover your retirement.
For parents who want to
help their child pay for college, parent student loans can fill the gap between college savings and actual costs.
Asking around among members of your worship community may help you find out about experienced parents who are looking for extra work to
help their children pay for college or to supplement the family income.
It is very tempting to dip into a retirement fund like a 401 (k) to
help your children pay for college.
For parents who want to
help their child pay for college, parent student loans can fill the gap between college savings and actual costs.
If you're a parent, then there's a good chance that you want to be able to
help your children pay for college (especially if you had to deal with crippling student loan debt yourself!).
Okay, I just want to say that I am loathe to be suggesting that you take out student loans to
help your child pay for college.
If you don't have any savings, but want to
help your child pay for college, applying for a Parent PLUS Loan could be just enough to fill in any funding gaps.
An alternative to private student loans could be that you take out a Parent PLUS Loan to
help your child pay for college.
Personal lines of credit are used mostly for home remodeling projects, but could help pay for a great vacation, medical bills, buying new furniture or
helping a child pay for college.
If you want to
help your children pay for college, start saving early — like, as soon as you change your first diaper.
Citizens Bank also offers a parent loan option for parents who want to
help their children pay for college.
As a parent trying to
help your child pay for college, do you ever feel like you're running out of options?
Parents agree to cosign in order to
help their children pay for college; without that help, many students wouldn't be able to attend college.
If you need to find out how much you should be saving for your child's college education, or if you need more info about the myriad ways you can
help your child pay for college, be sure to consult the College Planning area of the Protective Learning Center.
Many salespeople convince parents to buy child life insurance policies with the idea that it will
help their child pay for college, or otherwise build a nest egg for their child once they become a young adult.
If you plan to
help your children pay for college, what happens if you pass away?