Making these 5 moves can help you save big on the massive cost of college

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College affordability and dealing with the debt burden are top concerns for most parents and high school students.

3. Consider attending or taking classes at a community college.

At two-year public schools, tuition and fees averaged $3,860 for the 2022–2023 academic year, according to the Students can also save money while in high school by taking college classes through a state-run dual-enrollment program, which allows them to take college-level classes, often through a community college.While parents’ income and savings cover about 43% of college costs, according to, 11% is covered by student’s income and savings.

Contributing some of the student’s income may help cut college costs. Although keep in mind, in financial aid calculations, parents are expected to contribute a much lower percentage of their assets to college costs than students. So a part-time job could impact your student’s financial aid if they make above a certain amount.

 

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