CAREGIVER #1: I know what you’re thinking…CAREGIVER #2: College is how much?!
CAREGIVER #4: The good news is…CAREGIVER #3: …you can help. CAREGIVER #1: I helped him graduate without a lot of debt. CAREGIVER #2: Your student can do it too. With a plan. CAREGIVER #4: That plan is called a budget. Alright today I’m going to show you how to take apart an Xbox 360. To pop off the faceplate just… NARRATOR: The good news is your student can do it…with a plan.
That plan is called a budget. And you can begin by sitting with your child and startwriting it on paper. The first step in building a budget is figuring out what are going to be your child’s college expenses. Expenses or costs are things like tuition, housing, books, groceries, clothing,and gas for the car. And let’s face it. The car will break down. So include in thebudget money for unexpected expenses.
The next step is to determine how to pay for them. For most, covering all college expensescan’t be done through ordinary wages or salary. The good news is there are many formsof “financial aid” programs available if you apply. To apply requires paperwork,time and commitment. The types most often offered through government, school and privategroups are scholarships, grants or student loans. Don’t let the fear of college expenses stop you from encouraging your student to pursuetheir dreams of a career. By making a budget and plan, and helping your student stick toit, they will realize their dreams.
For more information on how to prepare a budget plansee any of the following resources sites: