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Monday, October 20, 2008

How to pay for college

Over the past couple of weeks, I’ve been getting a lot of emails from high school seniors wanting help finding college scholarships.

Between the souring economy and the problems on Wall Street, many families are worried about paying for college. Some are looking at different options.

I’ve heard of some families pushing their kids to apply to public colleges instead of private. Others hope their kids to stay in Georgia and take advantage of the HOPE scholarship. Some parents said their children may attend community college and then transfer somewhere else.

There are reports that federal loan applications are up and parents are calling college financial aid offices looking for more help.

How worried are you about paying for college? What should students and their families do?

For more money management tips check out Your Money.

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