Giving children the best education that you possibly can give them is one of the things that worry most parents. You want to let the kids go to college they want to rather than the one you can afford. With rising university fees as they are you should be looking at $ 250,000 and $ 500,000 top education.
Except for the happy few, everyone should apply for financial assistance to give their child the education it deserves. More often than not, you will be pleasantly surprised to see that your child is eligible for loans and grants.
First you should fill in the Free Application for Federal Student Aid you can get at any high school and college (you can also apply online). Some private school will need to complete the Financial Aid form or profile picture so that they can distinguish need among their request financial assistance.
Not only the Federal government provides the financial support but also many countries do, so it is worth also apply if the child is considered high school. Let your college kid’s college or the necessary paperwork.
government will then calculate how large a part of your income you would be spending in education based on financial data as income, dependents, how many children are in college …
money you have put into the retirement fund is not considered as property so do not skip the pension fund to set aside money for a child’s education, it could end up costing you more. Also if you are putting money aside for the education of your children, do not do it in a custody account or education bills that colleges will count the money in the accounts of a higher proportion of income that will be spent on education.
Often, even if you can not get any financial assistance, you will learn that you can have access to special student loans at interest rates so it’s well worth the effort to complete the paperwork.