Ways to Help Pay for College When Money Is Tight

After the pandemic lockdowns disrupted many people’s finances, it pays for parents and students to consider the options

Tuition at America’s public universities has nearly tripled since 1990. With President Biden looking to ease the burden for some students, experts explain how federal financial aid programs can actually contribute to rising costs. Photo: StoryblocksThe pandemic and related lockdowns have taken a toll on some families’ finances, forcing many students to rethink how they are going to pay for college.

from Junior Achievement and Citizens Financial Group Inc. said they would need to reconsider how to finance some or all of their higher education. This comes as college costs continue to rise, with families spending an average of $30,017 on college for the 2019-20 academic year, up from $26,266 in 2018-19, according to Sallie Mae ’sIt’s nothing new that families who lack savings have to find other ways to pay for college.

If your family’s financial situation has deteriorated and doesn’t line up with what you provided in your financial-aid application, contact your school’s financial-aid office. Many more appeals are expected this year, and it’s possible you could be awarded more financial aid than initially offered.

Is it something other than “take out student loans and have those loans forgiven?”

a job is a great solution!

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