There are many potential sources of parent funding.
Parent Income
You might be surprised by the amount of cash flow that you can free to help cover college costs.
College Savings Plans
Do you have any formal college savings plans for your children?
Parent Assets
Do you have any other assets that you can tap to help pay for college?
Federal Tax Credits & Deductions
If your federal Adjusted Gross Income is under $180,000 – you may qualify for education tax credits that save your family up to $10,000 in the first four years of college.
Support from Other Family Members
Will grandparents or any other family member help pay for college?
Family Trusts
See if you are required to report a trust asset.
Parent Borrowing
Parents who have not been able to save enough for college often borrow to help pay some of the cost. There are a number of options.
