Child Education Plan Asheville NC

Parents usually try to help their children with student loans and will often take out a loan themselves in Asheville. But how much help is too much? When is it up to the student to take on some of the financial burden? This article addresses the subject and offers some advice.

Warren Wilson College
(828) 771-2000
PO Box 9000
Asheville, NC
Tuition
Tuition Costs : $22366
School Information
Type of Institution : Comprehensive higher education system
Institutional Designation : Private—Religious

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South College - Asheville, NC
(828) 252-2486
1567 Patton Avenue
Asheville, NC

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University of North Carolina At Asheville
(828) 251-6600
117 Lipinsky Hall, CPO 2210
Asheville, NC
Tuition
Full-Time In-State Tuition Costs : $2339
Full-Time Non-Resident Tuition Costs : $13669
School Information
Type of Institution : Comprehensive higher education system
Institutional Designation : Public—State

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Asheville - Buncombe Technical Community College
(828) 254-1921
340 Victoria Rd
Asheville, NC
Tuition
$5,654.00
# of Undergrads
2552
School Information
Public
Setting
Small city

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South College - Asheville
(828) 277-5521
29 Turtle Creek Drive
Asheville, NC
Tuition
$13,200.00
# of Undergrads
181
School Information
Private
Setting
Small city

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Asheville-Buncombe Technical Community College
(828) 254-1921
340 Victoria Rd
Asheville, NC

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North Carolina Outward Bound
(828) 299-3366
2582 Riceville Road
Asheville, NC

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Montreat College
(828) 669-8012
310 Gaither Circle
Montreat, NC
Tuition
Tuition Costs : $18700
School Information
Type of Institution : Comprehensive higher education system
Institutional Designation : Private—Religious

Data Provided by:
Asheville-Buncombe Technical Community College
340 Victoria Rd
Asheville, NC
 
South College-Asheville
29 Turtle Creek Drive
Asheville, NC
 
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Child Education Plan

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How Much of Their Child's Education Should Parents Cover?

Author: RJ Licata

Even with financial aid, grants and scholarships,college education can be very, very expensive. Many students take out student loans to help cover some of their costs and parents often contribute as well. The question that presents itself is how much should they contribute and what factors are considered in that decision?

Many parents don't like the idea of their children leaving school swamped with a mountain of debt that they'll be paying off for 20 or 30 years. But they also want the student to learn responsiblity and stand on their own two feet. This article will discuss this issue and offer some tips on ways to find balance in paying for college.

Parents Should Help Some

If they have the means, parents should help pay for some of their child's college education. It's a good sign of positive reinforcement for the student to know that their parents support the decision to further their education. How much they pay for depends on a variety of factors.

For instance, if they've got three kids in college at the same time, financial contributions to each may be limited. Parents shouldn't be buried in debt either. Some may be financially strapped themselves, and in that case they won't be able to give much. The important point is that parents to what they can to give their son or daughter the support needed to earn their degree.

There are loans available for parents such as the federal Parent PLUS Loan, which will lend them any amount they want up to the full cost of tuition, room, and board - minus any financial aid the student is eligible for.

Help Children Learn Responsibility

If a child comes out of college with no student loan debt because their parents paid for everything, have they really learned anything? Of course if they graduated you hope they learned something, but the real value of their education is lost if they pay none of their own money.

Forcing students to take on some of the responsibility of paying for their own education teaches them many things, such as budgeting, the value of education, that things cost money, education is an investment in their future (literally and figuratively) and more. It is a necessary part of growing up and parents should take advantage of this opportunity to show their child how the real world really works.

Find a Happy Medium

Some sort of compromise should be made, with the parents explaining to the student that they are willing to help pay for some, but not all of their education. They should make it clear that the student needs to understand that paying back their student debt is their own responsibility and they can't rely on Mom and Dad forever.

Once an agreement is made, both parents and student should stick to it unless some unplanned event occurs. Of course, if the student wants to avoid all this trouble they could always earn themselves a scholarship and eliminate the loans altogether.

More information on Student PLUS Loans and additional student loan advice can be found at the helpful student loan website School Loan Consolidation Guide .

About the Author:

RJ Licata is a freelance writer and internet marketer. More on RJ's current projects can be found at RJLicata.com.

Article Source: http://www.articlesbase.com/loans-articles/how-much-of-their-childs-education-should-parents-cover-943834.html