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Did you know that the average college student graduates with around $22,000-$27,000 in debt? Every situation is unique, but the sooner you begin to find ways to minimize the costs, the more likely your student will be able to leave college without a terrible debt burden.

 

Five ways to manage the rapidly escalating cost of college include:

 

·         Start saving early.

·         Choose schools wisely.

·         Find ways to cut costs.

·         Apply for scholarships and grants.

·         Understand the options if you must take out a loan.

 

For more information about each of these points, listen to the podcast below or read this article in our online library from my colleague Doug Welch in Knoxville.

  

Lisa Usé can be reached at 615-690-4006 or lisa.use’@pnfp.com.

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