College is continually getting more expensive. Students are graduating with massive loans to be paid back. If parents plan early they can help alleviate some of the burden on their children. This is a guide about saving money for college.
Solutions: Saving Money for College
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I suggest buying savings bonds for an easy way to double your money. I also suggest either saving all your spare change or just a specific coin of your choosing (like saving all quarters). We saved coins for one year and just put $651.62 in the bank. I would also encourage you to look up free colleges - there are some out there. Scholarships and grants are abundant, too.
I never thought my family could afford to send me and my brother to college, but we both received grants and scholarships and he got a track scholarship. If my child's grades don't improve soon, I won't have to worry about college for him, unless he can get a sport or music scholarship. They don't care so much about his grades.
When looking for scholarships, first start with your own company and start early. Even as a part-time worker, I was able to apply for a company-sponsored scholarship for my son. However, since it was based on their PSAT scores - a test given in Junior year - you had apply while they're in 11th grade. Many employees did not realize this and lost out. Yes, he did win $4,000!
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Saving Money For College