As college tuition rises students need more and more money to finance their education. The banks and the government are still giving money to students for the time being, but from some institutions the money comes with strict guidelines and restrictions. According to the Wall Street Journal, students in the 2007-2008 school year borrowed 10 times the amount they borrowed in 1997-1998. But now we’re in an economy that is suffering, donations may decline and the country’s students need a few tips on how they should proceed with the financing of their education.
Read here and find out about the differences between private and government funds and what each institution requires from the student. As the funds narrow out there, we have to find the best ways to prepare to finance our children’s education before the well runs dry.