How to Pay for College: Strategies and Tips

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Figuring out how to pay for college can be one of your biggest financial challenges, whether you’re a student or a parent who’s preparing to send one of your kids to school. According to CollegeBoard, the average cost of tuition and fees for in-state students attending public four-year universities and colleges was $10,950 for the 2022-23 academic year. The cost for out-of-state students climbed to $28,240, while students attending private colleges paid $39,400 per year on average. With the costs of higher education continuing to climb, researching all the options for covering college expenses can help to ease the financial pressure. Contacting a financial advisor who understands the ins and outs of paying for college can also ease such financial pressure as well as saving time.