Need Money for College - Borrow Smartly

[This post is written and copyrighted by FIRE Finance (http://firefinance.blogspot.com).]

Jul 07, 2010: With each passing day the cost of college education is rising. It is becoming increasingly difficult for middle class families to put their children through college without borrowing.

One of the golden rules for breezing through college funding is to start saving early. But now a days even that is not enough. So we guess we'll all end up borrowing to pay for college unless we win a lottery or hit pay dirt.

However, there are plenty of options for taking a loan to fund a college education. Some examples are Perkins loan, Subsidized and Unsubsidized Stafford loans, Federal Parent Plus Program and Private Loans. Janet Bodnar from Kiplinger has prepared a simple guide to understanding our options for funding a college education. If you are considering borrowing to pay for college tuition, it might be worth it to check out Bodnar's article.

Kiplinger: Borrow Smart for College

Image Source(s): iStockPhoto

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