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How Soon Should I Start Saving for College?

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It is never too early to begin saving for college. This is exactly why many parents, if they have the available money, begin a college fund for their children when they are born, or even before they’re born.

College is extremely expensive, especially if you wish to attend a prestigious college or university. In addition to tuition costs, students face extra expenses for textbooks, computers, transportation and, unless you plan to live at home, basic living expenses.

If you currently have a part-time job, it’s a good idea to begin putting aside as much money as you can afford to spare. At the same time, it’s essential to look into every available type of financial aid.

Fill out your FAFSA, look into grants, loans and work study programs. If you have already decided on a future career, look up specialized grants and loans for that career field. There are many available, especially for careers with a bright future such as medical and technology fields.

In reality, it’s unlikely that a high school student will be able to save enough money to put themselves through college. However, by starting to save early, working during school and applying for every type of financial aid available, virtually every student can find a way to pay for their education.

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