With the cost of going to college, not just the best, skyrocketing, many families find it impossible to get their children to graduate. Apply for and avail financial aid. In fact, not only the student loan debt at an all-time high, it recently became the second-largest household debt in the United States after mortgage.

As a result, many parents are now faced with the decision of whether to save for their child’s college education or save for retirement. Therefore, financial aid becomes the number one payment method for colleges. But financial aid comes at a price. Federal student loans and federal parent-plus loans are the kinds of debt that will haunt you for decades to come, especially if you don’t have a repayment plan.

So what should the family do? Is it possible for parents to help their children with college tuition without completely breaking the bank?

Our college planning and funding services can make this process more effective and easier!