February is Financial Aid Awareness Month, making it the perfect time to explore ways to help your college-bound student manage their expenses and understand their loans.
Talk It Out
The first thing you should do is sit down and discuss the many different college costs, including the following:
Paying for college can be a difficult concept for many students to understand, so dealing with discrepancies in costs between schools can be helpful—especially the differences between public and private schools.
Split It Up
Talk about what you are willing to pay or borrow for and what your child is responsible for while getting as granular as possible.
Take Advantage of Financial Support
Higher education is pricey! Thankfully, there are resources that can ease the burden, including:
Many high schools offer lists of scholarships that are available for graduating seniors. Check with your child’s school to see the additional scholarships they may be eligible for and start applying ASAP.
Preparing for college is equally exciting and daunting as you and your child prepare to take on new expenses and responsibilities. Utilizing the resources available to you can help ease the financial burden and allow you to get the most out of the college experience! MVCU is here to help.
Learn more and apply for our 2025 Scholarship Awards at https://www.mvcu.com/scholarship.
Category: College Bound
Need a smart strategy to save on essential school supplies? Planning your dream vacation or gearing up for the holiday season? With a club account, you can save for essential school supplies, exciting vacations, and joyful holiday celebrations, making your financial goals more attainable and stress-free.
Now is the moment to turn your attention to your tax obligations. With less than 60 days remaining until the tax deadline now is a good time to prepare your documents and file.
February is Financial Aid Awareness Month, making it the perfect time to explore ways to help your college-bound student manage their expenses and understand their loans.
Getting a tax refund? Before you spend it, take a moment to think about how it can benefit you in the long run. Whether you want to build savings, pay off debt, or invest, your refund is a chance to strengthen your financial future.
Saving money can feel overwhelming, especially when there are multiple goals to achieve. Whether it’s a short-term goal like a vacation or a long-term goal like buying a home, having a plan can make all the difference.