Comparing Educational Choices

The following post comes from the Military Saves Blog.  Follow them on Twitter and Facebook.

September 4, 2013

Sandy Boenig, AFC®, Military Saves Associate

There is a definite fall-like feel in the air.  Children are heading back to school.  Advertisements are focused on students.  The news program’s that the ads supports are full of conflicting information.  One day the topic is student loan rates rising, a few days later there is good news about student loan rates falling.  Other favorite topics are doom and gloom about higher education, debt burden, and post-school job prospects.  It’s all very confusing, and disheartening.  Despite media reports, you, or a family member may still be planning on furthering your education next fall.

Researching Your Options

Paying for College

 

Irrespective of what school you choose, you will also want to take a look at your family’s financial capabilities.  There are several options to pay for school.  Now that you know how much schools cost, explore your resources and decide how much you will be able to afford:

The Consumer Protection Bureau’s Know Before You Owe website has a tool to help students make comparisons tailored to their individual circumstances. If you have received financial aid offers, use this tool to understand how all those numbers impact your payments down the road.

Finally, compare your research.  You may find that you are prepared to continue your education, or you may find that you need a bit more time to save.  Remember that you want to get the best deal for the best school that meets your needs and that you are qualified to attend. 

Military Savescan help you save for college, Take the Military Saves Pledge today!

 

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