Financing Your College Education

How do families pay for college when investments for college funds have depreciated by 75%? Tally Hart, former head of financial aid at Ohio State University, and Bill Hiss, vice president for external affairs at Bates College, share their thoughts about how to finance today's college experience. One bit of good news is that Pell Grants are being increased, along with a host of other federal and state funding. Grants are usually based on family income and are paid by the federal or states governments and the colleges themselves. Student loans most often come from the fed, and that helps with lower interest. First step, fill out your FAFSA form. Read or listen to one high school senior from Portland, Maine talk about his personal plans to pay for college and the various options he has.

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