Tips on how to finance a college education

Tips on how to finance a college education

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A father and daughter go over finances.

For many college-bound students, savings, family contributions, scholarships, grants and a part-time job won’t be enough to pay for college, and borrowing may be the only way to make up the difference.

The Chronicle of Higher Education reports that more than 60 percent of America’s 20 million college students rely on student loans to finance their education. A college student today graduates with an average of $24,301 in student loan…