Starting early can ease college cost burdenBy Laura Connerly
The Cooperative Extension Service
U of A System Division of Agriculture
- Cost cutting measures include living at home, working while in school
- Parents should look carefully before incurring debt
LITTLE ROCK – The cost of a college education can be daunting to parents who are looking for ways to finance the expense. “Making smart financial decisions from the start, and turning good saving behaviors into long-lasting habits can be the ticket to a fruitful and – hopefully – debt-free future for students and parents alike,” said Laura Connerly, assistant professor of family and consumer economics at the University of Arkansas Division of Agriculture.
Connerly offered five tips for reducing college costs:
* Start saving as soon as possible. Putting away small amounts of savings will build
up over time.
* Do your research. Find out what credentials are required in your child’s chosen field major’s industry down the road and consider the options are for getting the most bang for your buck.
* Save on room and board. Sometimes there really is no place like home. It can save thousands of dollars.
* Working while in school. Working part-time can help pay for anything from tuition to books, transportation to school supplies. Every little bit helps.
* Know the fine print. Be mindful of any debt that you or your student takes on. Scrutinize repayment terms.
More information on saving for college is available at http://americasaves.org.
The University of Arkansas System Division of Agriculture offers all its Extension and Research programs and services without regard to race, color, sex, gender identity, sexual orientation, national origin, religion, age, disability, marital or veteran status, genetic information, or any other legally protected status, and is an Affirmative Action/Equal Opportunity Employer.
Media Contact: Mary Hightower
Dir. of Communication Services
U of A Division of Agriculture
Cooperative Extension Service