TIP!
Create a college savings plan in a parent’s name, not in a student’s name.
Why?
According to Mark “Kantro” Kantrowitz, the financial aid/scholarship guru and creator of FastWeb, 20% of savings in a student’s name are used to figure tuition costs. Only 5.64% of savings in a parent’s name are included, and there are ways to shelter even that amount.
Student Loans & Debt Forgiveness:
4 Things to Know


It’s important to find out the cost of attendance at every school you plan to apply to without limiting yourself to the numbers right off the bat. There’s still time to consider scholarships, merit awards, FAFSA, part-time jobs, loans, and miracles!

