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Easy ways to save for your child’s college education


The start of a new school year is a good time to look into saving plans for a child’s college education.

According to an annual survey from Sallie Mae, 30 percent of the total cost comes from grants and scholarships.

The rest of the tuition and fees are paid for by parents, students, savings and loans.

Officials suggest families enroll in automatic payroll deductions as an easy way to force themselves to save for college.

If you finish paying off a credit card or other loan, throw the amount of money you were spending into a college fund.

About a quarter of American workers in public sector jobs may be eligible for some type of student loan forgiveness.

Those jobs include teachers, law enforcement professionals and nurses.

Filed in: News

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