Financing tips for college and beyond

By: Adriana Valtinson, Editor-in-Cheif

Cynthia Campbell presented a College Financing 101 workshop Wednesday, Oct. 20. During the workshop, Campbell described different methods of paying for college and ways to save money that can help when transferring to a university.

She said that a student should not automatically assume his or her parents will pay their tuition, and that it is a part of students’ responsibility to help them find a way to pay. “Parents aren’t obligated to help pay in most cases,” she said.

Campbell gave several ways that students can pay for their education, explaining, “You have to look through every possible option.” For example, living off campus can be cheaper because living arrangements often include meals. Another is going to a local college or university rather than an out-of-state school.

Campbell also discussed the different methods of paying for college, one of them being scholarships. She said there is a variety that allows for many people to find one that suits them, explaining that not every scholarship is merit based. There are several centered on religion and ethnicity, among other relations.

Another way to pay for school is through student loans, such as a Stafford loan, which has different options such as subsidized or unsubsidized loans. And also PLUS, which is meant for the parents of students and can only be used for school. However, Campbell pointed out, “The more you borrow, the more you have to pay back.”

How a person handles paying back the loan will affect the student’s credit score, which Campbell described as a “report card” for whether a person will pay back debts. “A lot of times it’s the first student loan that starts [someone’s] credit life,” she said. The punishment for not paying back the loans can be severe and escalate to the point of getting sued.

Campbell explained that students should have a discussion with their parents in order to find the best means of attending and paying for college. “It might be the first adult conversation you’re going to have,” Campbell said.


  1. The “first adult conversation” a student should have with his or her parent(s) isn’t HOW they are going to afford school but WHERE they are going to school and why tht is the best option. College finances are determined by the many different facets of what each college or university offers: an education, housing, meal plans, etc. Compare schools by considering what they can offer academically AND financially. Going heavily into debt for a degree without career prospects is dangerous: Check out this article to that goes deeper into this discussion:

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