In the April 2010 Money, Penelope Wang writes an article entitled "Can We Afford This College?" After students are accepted to a college, have filed their Free Application for Federal Student Aid (FAFSA), and receive their financial-aid award offer letter, they and their parent(s) need to ask this same question. Ask it before the May 1 deadline to indicate to the college they will enroll; don't wait until the first bill arrives in August. If you can't make ends meet without taking on significant loan-debt, now's the time to consider other college possibilities.
Writer Lynn O'Shaughnessy advises students and parent to get a "financial aid pre-read" early in the college-search process. You can see her column "What's This College Really Going To Cost," posted online on 9/9/10, at this link:
http://moneywatch.bnet.com/saving-money/blog/college-solution/whats-this-college-really-going-to-cost/3007/?tag=col1;blog-river
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