by Shannon Vasconcelos, former financial aid officer at Tufts University
How to Pay for College Without Receiving Any Financial Aid
Paying for college is a challenge. While this statement is probably not news to anyone, we sometimes overlook the extent to which this challenge affects all income groups. Whether rich, poor, or somewhere in between, most people spend most of what they earn. Few of us can write an annual check for $70,000 without breaking a sweat (or, perhaps, suffering a complete panic attack). As a College Coach college finance expert, I work with families of all income levels struggling with the prospect of paying for college. While students from lower income households often qualify for need-based financial aid, the assistance options for higher income families are more limited. But that doesn’t mean they are nonexistent. Families can employ a number of strategies and utilize a wide range of resources to help pay for college when they don’t qualify for financial aid.