A reasonable person would assume that the cost of an undergraduate education would be easy to calculate. Unfortunately, calculating the "True Cost" is complicated.
A reasonable person would assume that the cost of an undergraduate education would be easy to calculate: take the published price of annual tuition, room and board, fees, books and miscellaneous travel, entertainment and so forth and multiply that amount times four years. Unfortunately, calculating the "True Cost" is more complicated. Learn how to plan, save, and pay for your students college education in Beyond Financial Aid.
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Understanding the full cost of college involves more than just tuition; parents should account for fees, room and board, books, and personal expenses. Planning early through financial aid, savings, scholarships, and work-study options can help manage these costs. Budgeting and being aware of potential cost increases also play a critical role in preparing for college expenses.
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Wondering how to introduce your high schooler to budgeting? This article will provide tips for creating a first budget.
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This article lists seven ways that you can teach basic money management to your kids.
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