ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

How to save and pay for your children’s higher education

Updated on July 10, 2016

Parents want to help their children with college the best way possible. Even by doing so, those children usually find themselves getting part-time jobs to save enough money for things such as tuition, room and board, and transportation. Sometimes, parents and their children are unable to pay for college since they find it to be so expensive. Maybe it is because of low-income jobs, or they believe they can't afford it at all.

However, there's always a solution toward making the cost of an overall education more affordable, no matter what college your children decide to attend. Opening a savings account for college funding is a good start, as well as looking into financial aid. You just need to do some good research to get ways to accumulate savings that can pay off your children's college education.

Use a bank for saving

The most important starting point in financing for college is by saving money. You can open a college fund account for your children shortly after they are born. In the meantime, explain to your children the importance of saving. Advise them to put their share of pennies in a bank regularly.

On the other hand, you can open a savings account at your bank. They can put their change in their accounts on a regularly basis. It is highly recommended that you and your children start saving as soon as possible. Just keep in mind that any pennies dropped in either bank account will be enough to pay for college, because every bit helps.

Sign up for financial aid

Visit your children's high school to learn about financial aid (FAFSA). You can speak with a guidance counselor about financial aid options. This can include scholarships, loans, work-study programs, and grants. If you decide on borrowing money, loan programs that are offered through government, colleges, banks, or other sources can hold different payment methods. There are installment plans included, for which the payment stays the same, and the load is paid over time.

Receive funds

Funds help, too. You can get more information for funds from local businesses, organizations, and other sponsors. If your children still need to borrow money, it helps that you encourage them to avoid doing it for tuition, fees, and room and board while paying for other expenses that include books and supplies. Every so often, government awards such as state grants can cover their entire tuition, excluding the coverage for the books.

Buy used books

Once your children are in college, you can encourage them to purchase textbooks that are used. Some textbooks are sold about fifty percent lower than those that are brand new. College bookstores usually have them on sale, or you can search for reduced-price books at websites like or Buying brand-new books can take a good chunk of money, but used books are a good way to save some cash that can always be used for other expenses.

By following these steps, your children will be on their way of getting the degrees they wish to receive. If they are accepted at a college with the most expensive cost for tuition and other fees, don't let financial issues get in their way. Have you and your children plan ahead, and ask for assistance when needed.


    0 of 8192 characters used
    Post Comment

    No comments yet.


    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at:

    Show Details
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the or domains, for performance and efficiency reasons. (Privacy Policy)
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)