Middle Class Families: Avoid Student Loans & Pay for College

Middle Class Families: Avoid Student Loans & Pay for College

Middle class families often find themselves in the difficult position of being "too rich" to qualify for federal or institution need-based aid and "too poor" to pay for the full cost of college out of pocket. In addition, their children may not have the grades or abilities necessary to qualify for lucrative academic, athletic, or artistic scholarships. Particularly if parents have multiple children, money challenges can start to feel insurmountable. So, what's a family to do? Student loans are the only way, right? Not so fast!

In this class, learners will differentiate between a college's sticker price and its cost of attendance (COA). They will learn numerous strategies to deploy to earn college credits while in high school, receive aid that isn't based on top academic achievement, take advantage of employer tuition benefits, and harness the time value of money and compound interest.  Topics include 529 plans, Coverdell ESAs, dual enrollment and AP classes, choosing a major, the various types of student loans, theoretical case studies, and more. Through a host of creative strategies, ideas, and personal finance suggestions, middle class families with average-performing students will become empowered to pursue the maximum benefit from a college education with minimum debt.

How Average-Performing Students from Middle-Class Families Can Avoid Student Loan Debt

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What you will learn

• Understand the financial impact and downsides of borrowing money to pay for college
• Investigate alternative strategies to pay for college
• Learn how to obtain college credits while still in high school

Rating: 5

Level: All Levels

Duration: 2 hours

Instructor: Kelly Paynter