College Tips

According to collegedata.com, the average cost of attending a four year in-state university is nearly $100,000, and finding a way to pay for it can become overwhelming.

But students can start making a dent in that cost by making the grade. The higher your G.P.A, the better chance that you can score a scholarship.

“College is looking at students who do very well in high school and most often the families and students that get the most money are those who are going to be in the top 25%,” said Bob Proctor, Financial Consultant for My College Planning Team.

Another place points can add up to dollars is on your ACT score. Sometimes the difference of just two points can be what you need to get extra cash for your college. For example, getting a 26 rather than a 24 could generate $10,000 extra in college scholarships.

Another tip, make sure your child chooses the right school for your budget.

“Investigate the schools that their students might be looking at attending because they can save all the money they need for college, but if they go to the wrong college then that’s a good way to go broke,” said Proctor.

Thousands of dollars are saved when a student graduates in four years over the national average of 5.7.

And if you have to go the loan route, the earlier you fill out a FAFSA for financial aid, the better. Illinois awards money on a first come first served basis until funds are depleted.

For more tips on paying for college, the My College Planning Team will be hosting a free event at the Nichols Library on April 13 and at the 95th Street Library on the 14.

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