Paying For College

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money.

M Borrowing for college is popular.  College students annually borrow $12,250,000.  Outstanding college debt today $1,100,000,000,000 (that’s 1.1 trillion).  Scripture discourages debt.  Keep it short and small.  Valerie, your thoughts.

V We encouraged our sons to apply to any school they chose.  However decision time was after we received the final financial package to see our costs as a family.  And the potential return on investment.

Most colleges encourage completing a FAFSA.  Dependent on family income, you might qualify for federal aid. Apply for scholarships.  And recognize that school of first choice simply might not be affordable.

M I noticed in your family there was LOTS of communication.  God opened some doors and closed others.  Good spiritual life lessons for the future as well.