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For many, the decision to go to college is a big one. The time and money involved can be daunting. But there's no doubt that advanced education is key in helping to secure a more stable financial future in the working world. Though there are never guarantees, a college education can at least provide more choices in life.
Perhaps you're a parent, planning on how to send your child off on
this exciting educational adventure - now or years from now. Or maybe
it's you - You've made the decision, you're up to the challenge.
A good first step may be to take stock of your current financial situation and possibly re-organize your finances. Doing so can help to reduce your monthly debt payments to free up the money needed to start saving for college. Using our Money Management Workbook can help you assess your current debt, net worth and give you some pointers on saving.
If you're years away from sending your children to a university, setting aside money for that day is one of the best gifts you can give them. To get started, use our Guide to Planning Your Child's Education. It will guide you each step of the way, helping you to estimate how much it will cost, how much to save, and even review possible sources of financial aid or the new tax-advantaged ways to save for college.
As your child prepares to start college, we can help to make sure
they get started financially on the right foot with our JumpStart
program. Its designed to provide to young adults, ages 18-25, the
essential tools to manage their finances by providing benefits such
as free checking, free checks, unlimited, free ATM withdrawals at
all Hibernia ABBY ATM machines, and a no annual fee Visa. And, if
you're looking for a new and dependable vehicle to keep them safe
while at school, we offer great
rates on new and used cars. We know how tight those college budgets
can be and every little "extra" can help out!
Very few people are fortunate enough to have saved all the money necessary for college prior to heading off to school. When that's the case, be sure to research all of your available options such as state and federal assistance, scholarship funds, loans and any other sources that can make the possibility of a college education more real than you may have thought. Never assume a college education is out of reach without exploring the possibilities with an advisor who can explain your options.
If you're ready to go to college now, and have exhausted all other options of paying for it, Shell New Orleans FCU can help take the edge off of the many costs associated with college - tuition, books, food, social activities and more with our many flexible options of financing your education such as:
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