How to Pay for College When Scholarships Aren’t Enough

With many high school seniors selecting which college they will attend this fall, another question is lingering over families’ heads: “How will we pay for this?”

Dan Evertsz, the owner of College Money Pros who has been advising families on college planning for nine years, said he has fielded plenty of phone calls in the past few days from parents and students desperately trying to piece together the resources to cover college tuition.

At this point, there are few options for people who don’t have scholarships or the money to close the gap between non-loan financial aid (if there is any) and the balances due for the first year of tuition payments. Student loans, when used cautiously, can be a great option for filling that void.