WAYS TO PAY FOR COLLEGE
Yes…college does cost a lot of money, but there are things you can do to make it affordable. Follow these steps:
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START SAVING!
If you save $50 a month for the next six years, you’ll have $3,600 (plus interest) when it’s time to go to college! X SIX YEARS = $3,600 $50/MONTH • When you receive money for birthdays and holidays, save a portion for college. Put the money into your college savings account. • Find ways to earn money and save half for college. List 3 ways you can earn money. (Hint: dog walking, lawn mowing...) ______________________________________________________ • Ask your parents about setting up a college savings account. A good option is the Nebraska Educational Savings Trust. This 529 Plan will provide tax benefits for your parents and others who invest in your education. Find details at NEST529.com .
IF YOU THINK YOU’LL GET SCHOLARSHIPS, SHOULD YOU STILL SAVE FOR COLLEGE? YES! It’s unlikely that scholarships will cover the full cost of college, so it’s important to save and to apply for financial aid.
DO THE MATH. SEE HOW DAILY SNACKS ADD UP.
Candy Bar
$1.00
Chips
$1.00
+
2 Sodas
$3.00
DAILY
DAILY TOTAL
X 7 DAYS
WEEKLY TOTAL
X 4 WEEKS
MONTHLY TOTAL
X 12 MONTHS
YEARLY TOTAL
IT ALL ADDS UP! Limit what you spend on snacks.
X 4 YEARS
4 YEARS OF HIGH SCHOOL TOTAL
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