10 Steps to Help the Planning-Impaired Pay for College

Johnson, Phil
April 1998
Journal of Financial Planning;Apr98, Vol. 11 Issue 2, p96
Academic Journal
The article offers tips for parents regarding college payments. Several factors contributed to increased higher education costs in the U.S. during the 1980s. These include increased staff costs associated with new programs, cutbacks in government assistance, impact of maintaining or replacing facilities and equipment acquired during the 1960s, and financial aid budgets. Categories of higher education had evolved into three, namely, elite private, public, and other private. Parents should always look at the equation when planning for their children's education. The following should be considered: how much they have saved, how much they can pay along the way, how much debt is acceptable, and how much will be provided by others.


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