How Am I Ever Going to Afford College?

Cindy - posted on 06/18/2013 ( 5 moms have responded )




So my 16-yo daughter is super-smart, the top 5% in her class right now. She could go to any college she chooses. The problem is, we are so broke, we have NO MONEY. This is not an exaggeration. We never started a college fund, and we have been in Financial Crisis Mode for 15 years. It's so bad, I've decided to laugh about it, rather than cry. Here is my story:


Sarah - posted on 06/19/2013




Depending on what she is wanting to study you could find out about internships where she works off the money lent for her tuition during vacations. Otherwise check out scholarships.


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Shelley - posted on 06/19/2013




Your daughter should apply for FAFSA when the time comes. Students with parents who have lower income can get more help with college. Although the system is corrupt, because just because a student's parents make more than 50K a year, doesn't mean they can afford college either or are willing to pay. A lot of kids who's parents don't pay for college still go. It will also probably be worth more to her if she pays for it. There are a lot of kids who's parents give them a free ride to college and they take it for granted by not working as hard. A young adult who pays for her own college is more likely to succeed. Also, try looking into running start if that is an option where you live. It's free college while in high school. Some kids who start their junior year can end up graduating high school while being close to an AA as well or close to one. (Depending on how hard they worked.) Another trick is if you home school your child, because they don't get a state diploma, they can do running start til they are 20 as long as they don't pass the number of college credits equivalent to the amount it takes to graduate high school. And when you get an AA and you don't have a state diploma, they'll issue you one anyways. Another thing to keep in mind is trade schools. A lot of people these days take only the classes they need for the field area they want to enter and that's all employers will look at if they are good at what they do. There are also a lot of jobs that involve just getting a certificate and you can make a decent amount of money. Schooling ends up costing a lot less than a degree.

Enna - posted on 06/19/2013




I had no money for college. I got a few scholarships and grants, but most of the money I got came from student loans. I know that no one wants to take out loans, but depending on what she gets her degree in she should be able to pay the money back without it being a huge deal. My student loans are at a really low interest rate, so I pay them, but I focus more on paying my mortgage. There are plenty of kids out there with no money for college.

Minna - posted on 06/18/2013




She may get offers for free/reduced tuition based on her grades. If she has a few teachers that love her , have them write reccomendations. It also helps if she's a first generation collage student.Don't assume that your state school will be cheaper than a private one. Encourage her to apply at some Ivies. They don't give scholarships per say -the tuition is needs based. Don't know your income but if you family makes less than 50K a year it can be FREE. When she gets her ACTs or SATs she can look on line and see how her scores line up for various schools, Actually getting accepted is kind of a crap shoot-but it's sure worth a try.
Schools also push for you to live on campus, and sometimes you have no choice, at least as a freshman. If shes becomes a student adviser she'll get free or reduced housing.. If she can live at home , she can save almost half the cost.
I went through this last year and it all seems to fall into place. I'll be doing it again in 3 years for my not so academic one. I'm talking up the army. Minna

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