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Episode 16: How to plan and pay for college

This is Episode 16 of the Winners Ways Podcast.

In this episode, you will:

  • Learn how to save money towards College tuition.
  • Understand how to select an appropriate college based on your income.

 

If you live in America, you will know that the college education cost is astronomically high, and it is ever increasing. Many people go into debt to acquire a college education, and many people struggle for the rest of their lives to pay off their student loans. The total student loan in America is currently over 1.5T, and it continues to increase. I have read about people with student loans in their 60’s and 70’s. These are the age when people are supposed to be planning for their retirement. Now, if you are still paying for student loans at age 60, how then can you retire confidently at age 65?

On today’s show, I quickly want to share some lessons from a story that I read in an article in “Money” magazine about a middle-class mom with four children in college at the same time planned to pay for college without borrowing any money. I think we can and should learn from here.

Here are some tips that can help you to plan and pay for college tuition:

1. Start Early

2. Be Flexible

3. Strive for excellent academic performance

4. Cut down your living expenses

5. Sharpen your research skills

 

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