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Once your child reaches high school, you might start thinking about how to help them find the right college. When considering admissions, most colleges value grade point average (GPA), extracurricular activities and standardized test scores. You and your student will also need to consider a school’s atmosphere and your financial situation.
But before making decisions about schools, it’s important to work on building a college education fund. If you’re a new parent you may be wondering, “what kind of account should I open for my baby?” Whether you want to create a college fund for kids or are focused on long-term k-12 preparation for college, we can help you create the best savings plan for children and students. Use the following checklists to develop a successful (and realistic!) plan, and ultimately choose the right college when the time comes.
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From when a child is born to age 15:
How to prepare for college in high school:
During student’s senior year of high school:
Take the pressure off your student by letting them know that there’s no perfect choice – and reassure them that they’ll be getting a great education no matter what. After offers arrive, have an honest conversation about finances. Although the final decision of where to attend college should reside with the student, there should be compromise between what the student wants (best match, best offerings for a major, location, etc.) and what the family and student can afford.
Continue reading to learn more about planning for college.