Making Sense of Cents and College Ave Student Loans have partnered on a series of blog posts on what to expect when it comes to planning for college…especially when it comes to time to pay. Through the series, we hope families gain a little more insight on how to tackle the next four or more years ahead with a stronger financial footing. All opinions are 100% my own.
College costs can vary widely.
According to Forbes, tuition for an in-state public college averages around $28,000. Private college tuition was double that amount at an average of $59,000.
For a four year elite university, the cost jumps to $68,000.
And, if your student is enrolled in higher education for something like medicine or law, college costs may reach hundreds of thousands of dollars over the years.
When most people think about the cost of college, they tend to only think about the price of tuition at a certain college. However, there are many other college costs that should be thought about as well. [Read more…]