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College Finance 101: A Money-Saving Crash Course for Parents

To save on room and board, consider a housing purchase. One way to trim this cost—and possibly turn a profit—is to buy your child a place to live near campus. In many markets, housing prices are appealingly low, even in some college towns. When your student graduates, you might sell the property at a gain.

College Finance 101: A Money-Saving Crash Course for Parents

It’s great that you’re still basking in the warm, proud glow of your child’s high school graduation. Brace yourself, though. Come autumn, the cold realities of paying for college are sure to come rushing in. As you’re no doubt aware, higher learning comes at a high price. The latest report from the College Board puts average total charges at $14,333 a year for public colleges and $34,132 for private schools. But there’s no need to worry.

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