Saving for school should start as soon as possible. Whether you prepare for payment early on or apply for scholarships and financial aid, do everything you can before taking out loans to pay for school.
Watch the video to learn more about Developing a Strategy To Pay for School, then test your knowledge at the end of the lesson.
Most college savings accounts can be opened as soon as the child is born and has a Social Security number.
A. True
B. False
One way you can grow a college savings account is by:
A. Asking relatives to contribute
B. Transferring money from your 401(k)
C. Enrolling the student in AP classes
D. Switching banks or credit unions monthly
In order to submit a Free Application for Federal Student Aid (FAFSA), you need to have all of the following except:
A. U.S. citizenship or eligible non-citizen status
B. Credit score of 700 or above
C. Valid Social Security number
D. High school diploma or GED