Five Points Bank Blog
College Is Expensive. Start Thinking About Money For School Now.
If you’re a high school student just starting to research college costs, you’ll find they range from “Yikes!” to “OMG!”
The College Board estimates the annual average in-state tuition cost for public four-year colleges and universities is in the range of $10,000. If you leave the state for school or go to a private college, you can multiply that times two or three. None of those costs include room and board.
So how are you going to afford it? While student loans are an option –maybe a given - there are things you can start doing as a high school student. Here are some ways that can at least make a dent in what you’ll owe:
Don’t get frustrated when you realize it can be next to impossible to cover all your college costs. Whatever you can save will help reduce the amount you might need to borrow in student loans or how much your parents might be able to kick in.
Learning how to save money and cover some expenses while you’re young will be an education in itself.