The price of college tuition has spiked almost 180% in the last two decades, according to the Education Data Initiative.
Campus Consultants President Kalman Chany joins Wealth! to give insight into the best ways students and parents can save up for, fund, and discount the cost of college education.
Chany claims parents need to plan as "early as ninth grade" and it’s "important for the students because they’re going to look at the four-year track record of them in school for awarding merit-based money." The author of the Princeton Review’s Paying for College guidebook describes the "two-year look back period" for families saving for college: "In terms of determining eligibility for the need based aid, they are looking at income as early as January 1 of the tenth grade."
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