Assignment 2—Financing College Education

A key factor in deciding on which college to attend is how to pay for it. In recent years, the cost of college has steadily increased significantly, forcing students and parents to become more creative in planning for college.

Discuss the options available to finance a college education including scholarships, grants, federal aid, and loans. What advice would you give to someone who is about to start his/her college education? How many loans should one get? How should paying for a college education be part of one’s financial plans?