Budgeting wisely is easier than ever
With the economy wreaking havoc on 529s and other savings accounts, many families are taking a second look at how much they can contribute out of pocket toward the cost of college.
But how can you build your budget without a good estimate of college costs?
Sallie Mae's Education Investment Planner can estimate how much your education may cost and help you build a plan to pay for it.
Your plan may include paying some or all of your higher education costs in monthly installments. In fact, many colleges and universities offer interest-free tuition payment plans to help you pay as you go. Remember, every dollar you don't borrow is one that doesn't have to be repaid.
In addition to determining what you can contribute out of pocket, be sure to submit the Free Application for Federal Student Aid to see what financial aid you qualify for. The typical undergraduate receives an average of $9,000 in financial aid, including more than half in the form of grants and scholarships. Be one of them by completing your financial aid application today.