Saving for college: What families can do today

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  • katy salt lake city, ut
    Oct. 15, 2012 5:58 p.m.

    An important aspect of receiving a college degree is "pay as you go". In the past, students worked part time or even full time and attended college and received good grades. Paying as much of the tuition as possible by being employed helps in avoiding college debt that goes on forever.

  • Belching Cow Sandy, UT
    Oct. 15, 2012 2:52 p.m.

    I'll tell you what you can do. Start by voting out the current president so our economy has a chance to recover.

  • Madden Herriman, UT
    Oct. 15, 2012 1:26 p.m.

    Yes, save some, but not at the expense of your own savings, your kids will have options. Also, pay off debt - you'd be surprised how much you could afford to help with tuition bills if you had no mortgage! Finally, find a good value for college - expensive universities do not always prove a benefit, especially for an undergrad degree.

  • Isaac44 Fort Myers, FL
    Oct. 15, 2012 10:42 a.m.

    These are all good ideas. My children paid for some of their education, but, this is not something one should count on. It is a bonus. There are very few out of town universities worth attending. Harvard matters for Grad studies. Undergrads pay for it. University is not for everyone. If your child does not know what to do with his life then save your money and your child's time. Send him to a trade school. He will make more money as a brick layer. In fact, my first option for most young people is the trades. Unless they are really gifted, I would consider the trades. And, by trades I am including everything computer related, practical. If you have a way of getting citizenship in Europe, Canada or Mexico, consider it. Universities are much less expensive. Do not sign up for those private online universities. Avoid gimmicks. If it is too good to be true then it is. Remember that tuition is only part of the cost. Talk to people who have done it successfully. Do it while you are young. We are doing it for our grandchildren.

  • Baron Scarpia Logan, UT
    Oct. 15, 2012 6:31 a.m.

    Mitt says just ask Mom and Dad. Problem solved!

    Okay, I'm being sarcastic... Mitt did say that times were tough for him in college, and he had to sell his stock to pay for school. This is definitely another option.

  • My2Cents Taylorsville, UT
    Oct. 15, 2012 2:38 a.m.

    Families do nothing as far as financing student loans. If a person wants a higher education then it is the individuals responsibility to be accountable to pay for and fund that education. What's really insulting is that it is all these colleges and schools sponsoring these phony insurance policy's and robbing the family's of their widows mite.

    This idea of saving for college funds is a snake oil sales pitch to separate the fools from their money. It's like buying insurance, you pay and you lose. These plans always target the poor and poverty stricken who are barley surviving as a family in this economy then these loan sharks throw this guilt trip on them. There is no shame in being poor or needy, you are a proud american.

    Paying for children in college has always been the wealthy that could afford higher educaiton. Students and families are finding out that higher education is not cheap or free nor a path to success. Those who chose debt for school costs spend the next 30 year of working to pay for it nullifying any gains. Only illegal foreign nationals and anchors get free government paid education.

  • Salsero Provo, UT
    Oct. 15, 2012 12:42 a.m.

    If a family does not have the financial resources or neglected to do adequate planning, the options are very few. Students can compete for scholarships, but the only recourse is to borrow the money needed to pay for college. The need for careful planning should not be over-estimated. However, low-cost, low-interest student loans, if managed appropriately, is the only way most young Americans will be able to afford college today.

    A possibility for the future is to have government/private grants for students entering certain disciplines in science and technology which will be in high demand in the years to come. These grants should be based on the students making appropriate progress toward graduation. It many respects, it would be an extensive expansion of the scholarship awards to encourage students to pursue certain degrees.

    A possibility is to have students obtain student loans where necessary with the understanding that they will be reimbursed-in-full upon graduation in a timely manner. The military currently does this for obtaining quality recruits. Offering this to graduates entering specific areas in the national economy would be an excellent way to generate quality employees at low cost.