The typical family pays for college with six funding resources: 34% grants & scholarships, 29% Parent Income & Savings, 13% Student Borrowing, 12% Student Income & Savings, 7% Parent Borrowing and 5% Relatives & Friends. 1Historically, there is quite an inventory of savings vehicles: UGMA/UTMA, Grants, Scholarships, Work Study, Education Savings Bonds (Series I or […]

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