College Financing?..Some New Ideas...

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I have a 15 year old daughter and if she doesn't get a scholarship I worry about how to pay for the sky-rocketing cost of a college education. Maybe some of you are sweating it out with me. For years I've told her to do the work and I'll make sure she gets to go to the school of her choice. Well, now I'm worried I won't be able to live up to that promise. In general I'm just worried about my kids future...I don't know what to do.

Here are a few things I've been able to uncover:
  • 50 out of our nations 2,500 4-year colleges are taking steps to ensure some students pay less tuition.
  • Schools like Harvard, Stanford, Yale, and Cornell are devising different pay plans depending on a family's income level.
  • Dozens of schools are replacing loan programs with grants, which don't have to be repaid.
  • Comparison shop financial aid offers from school to school. It doesn't hurt to ask if one school will match another's offer. Be aggressive.
Here are some websites to help uncover more information on this topic:
"The New Math of College Financing" Apr. 21, 2008 The Wall Street Journal Report
http://www.finaid.com/
www.WSJ.com/reports

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