IndexProblem statementOffersBridging the gapProblem statementHave you started your education at your child's school and now feel overwhelmed? Saving for school is easier if you start early, but if you get there later there are still plenty of options. If you're not close to saving that much and hopefully aren't your child's college age, the Merrill Lynch team that will help you develop some savings strategies will help. Consider this tutorial to help you manage college expenses without going over your budget or paying too much debt. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay Identify realistic expectations about what you are willing to pay for Richard Bolin Mann, director of education savings at Merrill Lynch, “You have to reconfigure how much you can charge based on your expectations,” he says. For example, if your child wants to go to school for $40,000 a year, you should see if this is a realistic option. Travel expenses may require the student to find a part-time job or live at home or think about an education plan. Conduct a clear discussion about cost sharing “Can they pay students for the busy eye looking for additional options and expenses” Focus “actions of change” How to cover a position like “and” can cover everything – you can be next Proceed, says Polimeni, and move on. A conversation that aims to help you understand what your child is and better understand the options you can see, he says. "Despite this trend, today parents are no longer called upon to save and they save as before to ensure, but they expect their children to cover the costs" - states Polimeni. “They don't want to be overloaded, but they want to have some sort of skin in the game.” Fortunately, the majority of high school students, 87%, have already spoken out to get something for their parents and the university. Another way for students to share costs: work between college and higher education and earn money, receive a "transition year" for college expenses. Many colleges allow students to defer admission for a year, so there may be an opportunity for some seniors to enroll in these colleges. Click generously on family and friends to provide all grandparents without a gift directly to the university or savings for the education of paid grandchildren, nieces or nephews representing $ 15,000 per year available, he and his team Polimeni in two ways , I want to help fund a child's education , says One, One will use more grandparents to see federal or lifetime release.Foutnate 2 "For grandparents, a way to give money to their grandchildren, what is the best way to do it helping them at school?" Dior Polimini. At least they know it will be a good thing, and it's a wonderful legacy. “Other family members and friends want to participate in this process.” Instead of spending money on vacations, Christmas gifts or graduation exams, anyone can open a 529 account. Offers Consider your college for freshman and sophomore years. One of the parents of the children's first two years of school goes to cheaper schools or refers to the government the strategies it adopted then, to reduce costs and use the school, converted to obtain a degree during four years of school. Polimeni, who said, "Most of this credit is given for two years at the university and you pay a fraction of the costs, you can significantly reduce the costs," he says. Find out about scholarships. Depending on the polymers, some parents may request financial support on request, which often involves only a relatively small part of the costtotal of the university. However, there are thousands of special scholarships that will help fill this gap. You just have to know how to find it and not go. We recommend visiting websites such as collegescholarships.org or finaid.org to simplify the recognition process. Apply for financial support if you have a high income or valuable assets, you cannot imagine that you will not receive financial support. However, Polimeni says you need to submit a Free Application for State Aid (FAFSA), which schools typically use as a starting point for other grants or scholarships. The amount you earn is based on the information you provide in the FAFSA form. Polymeni is a complex formula based on many factors. “That is, not only how much you save and what you do, but also how much your child wants to go to school and how many children there are in the school family.” Use loans if necessary, but be careful “The truth is that for most people, whether the student is a debtor or a parent, they are at least responsible for part of the cost of education,” says Poli Mini. “The goal is to use the maximum loan amount as a last resort.” The delay in starting college planning and registration means that you and your students make difficult decisions about how much money you can spend and you have to do something to find out about the resources, people and programs you can apply for. To bridge the gap, but ultimately, almost a graduate needs to go the extra mile, debt-free, confident and ready to face global challenges. What it does is not for late starters. They don't worry that it's too late to save money: "When you're ready to save for college, it might be a good time to start," says Illinois Financial Planner Brian Plaine. Please note: this is just an example. Get a custom paper from our expert writers now. Get a custom essay"Of course you can start from the beginning, better, but I won't stop you from starting the game late." Tebolt said he has established a total savings plan with tax cuts in the Idaho 529 plan, $100 to $50 a month for his daughter and $25 for each of his grandchildren. “It's not enough, I really miss it,” he said. As time went on, he said the amount had increased and that it had a "good effect" on his learning costs. Look at the financial profile: If college is a direct financial burden in your life, giving away all your financial resources might be tempting. Best of all, when it comes to bond funds, you can avoid intentional harm to your farmer, Blaine says. Ashley Bleckner, financial advisor in Newport Beach, R. “Retirement is of utmost importance, there are loans from the university and there is no retirement pension, it has to be a priority.” First you plan and plan for retirement. "Don't screw up the savings tool: Bleckner says he likes the 529 plan, which provides state-funded school savings for tax benefits. Savings deposits are grown on a tax-deferred basis and can be recaptured tax-free as long as they are used to cover expenses eligible for higher education. Blaine says it shouldn't interfere in your search for an 'excellent' savings tool. Runs a 529, Roth IRA and even a traditional savings account. “Don't let your perfection be a good enemy here, ". " he says. “More important, especially if it is too late to put the money on the limit and dedicate it to him.”Conservative: Since end brokers need little money, they have to think about much more conservative investments than stocks, without wasting time and paying for it . “If you're talking about a late start, you're not going to invest money in the aggressive hope of spending these."