An Important Factor in Cutting College Costs

Graduation studentsWhen parents save for college, they assume that they will need to cover four years of expenses to pay for a bachelor’s degree.

However, statistics show that most college students take longer than the traditional eight semesters to graduate.

Here are the latest graduation rates from the U.S. Department of Education:

An End to a Rushed Financial Aid Season

Faced with challenging aid deadlines, parents are forced to file for financial aid using estimated tax return information; but families who do this will receive a financial aid package contingent on a school receiving their final tax numbers. And sometimes those finalized figures will result in schools reducing their aid packages.