In many families, and in Latino ones especially, paying for a college education isnCollege without loans't usually part of a family's financial plan. There is no tradition of putting birthday money away or opening a higher education fund to celebrate a newborn. So, when the time comes for a high-school student to go to college, the lack of financial preparation may place the family in a difficult dilemma: forego college or pay with student loans.
Going to college should be a natural discussion in the family. "If you finished high school, you should consider yourself college material," says financial expert Andrés Gutiérrez. "Just as children go to middle school after elementary and to high school after middle school, kids and their parents should plan for a natural transition to college from high school."
Making a decision of going to collegeRead More »from Tips for Funding College Without a Student Loan