College acceptance letters are beginning to roll in, and high school seniors — and their parents — are facing some big decisions.
There’s no hiding it: College can be expensive. The average tuition and fees at a public four-year in-state college was $11,260 for the 2023-24 academic year, according to the College Board. The sticker price at a private four-year college was $41,540.
Parents: It’s time for some homework
FAFSA. The Free Application for Federal Student Aid (FAFSA) can help students get financial aid, including loan, scholarships, grants and work-study programs, to help cover the cost. You’ll likely need your Social Security number and federal income tax returns to complete the application.
Loan options. There are federal and private loans that can help pay for college.
Keep track of deadlines. Many schools have a decision deadline for accepted students, along with a deadline for on-campus housing requests.
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