Now in its ninth edition, How America Pays for College 2016, a national study by Sallie Mae and Ipsos, is an annual report that looks at undergraduate families’ attitudes toward college, how much they spent, and the sources they used to pay for it.
May 2 is National Decision Day, with our free college planning tools, you can ease some of your stress and celebrate your choice of school and future plans.
To break the financial aid award letter code, Sallie Mae — the nation’s saving, planning, and paying for college company — recommends the following tips in the infographic below. See SallieMae.com/AwardLetters for more information about paying for college.
How America Pays for College 2013” is a national study released by Sallie Mae that gives us a look college costs and who’s paying. In addition, the report indicates that 85% of parents believe that a college education is a smart investment. As you plan your college visits, be sure to go prepared with a list of questions about financial aid and scholarships. Infographic – click to enlarge Explore the infographic above (click on the image to open) to see how the parents surveyed report on where the money comes from when it comes to financing a college education. College Money Tip: Watch your expenses. Take out only the amount of student loans you need to cover college costs. Some students felt that a 3.4% rate justified using student loan money to cover living expenses, but that isn’t a sound strategy any more. Consider living at home, sharing a room, and take full advantage of your meal plan. Using student loan money to go out for pizza every week could cost you a lot of money in the long run. — Jodi Okun, College Financial Advisors What are you doing to save for college? Please share your thoughts and tips in the comments section...