“Perhaps your child’s college fund was eaten up in bad investments. Maybe your savings plan didn’t pan out as you hoped it would. Sending your child to college is an exciting time. Trying to pay for college, however, can be stressful, especially if you can’t afford all of the costs. Using these options can ensure that your child can afford to pursue their college dreams.”
Your child gets into college — maybe even their top choice — and you are thrilled. There’s just one problem: you don’t have enough saved up. You want to help pay for their education but can’t afford to. What options do you have?
Of course you can encourage your child to apply for various scholarships and grants to help offset the cost of school. But what can you do if you still can’t afford college? You might want to use student loans as a way to bridge the gap in funding and ensure your child is able to attend. Here are some solutions to consider.