Finding the best financial and academic fit for prospective college students takes some research, financial planners say.
It’s expensive to be a college student in the United States — and the costliest state is Vermont, according to a new analysis.
Three other New England states — Massachusetts, Connecticut and New Hampshire — rounded out the top five most expensive states for college students. Maine is relatively cheaper than its New England siblings, according to the study. The wide variation in tuition costs for public colleges stems from reasons such as state funding for higher education and selectivity, college financial experts say.
Research merit aid and scholarship options Going to an in-state college is always cheaper, but sometimes merit aid and scholarship options can make going out of state for college much cheaper. The trick is to look out for the metrics that make you qualify. “With a two-year community [college] degree costing well less than $10,000 total, a student could literally save up to $100,000 in college costs depending on the final university of choice,” said Wheeler Pulliam, a certified financial planner and founder of Xponify Financial.
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