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Depending on how old your kids are, you may have ample time to plan ahead, or graduation is on the horizon and the clock is ticking.
Sorting through the process, from 529 plans, to taking out loans, to financial aid from the government or the college, to scholarships, there are so many options.
Taking a step back and looking at the big picture, and then breaking it down into a series of decisions and action steps can reduce stress and help you manage costs.
If college is around the corner, the first thing to help reduce the cost is to submit the Free Application for Federal Student Aid (FAFSA). Even if you don’t think you’ll qualify, you should submit it. The FAFSA is what qualifies students to receive grants, student loans, and other financial aid. If you have multiple children you should definitely submit for everyone, as it impacts the... ...
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