The cost of going to college has been increasing much faster than the rate of inflation. To attend a small, private college costs $20,000 a year minimum. And if your son or daughter just got an acceptance package from Harvard, you’re looking at $40K by the time you factor in pizzas in the dorm room. You got that kind of money lying around? Not many people do.
You want the best for your child. It’s natural. And that means you want those kids to go to the best schools they can – even if it breaks the bank. Welcome to the world of financial aid, government grants and student loans.