4. Evaluate the educational costs of career goals: Visit with high school counselors in the beginning of a student's freshman year to start thinking about college options, she says. Counselors can help assess children's academic and career goals to determine which schools are a good match.
Woessner weighs career goals heavily, especially in regard to filling in savings and scholarship gaps with student loans.
"If a student wants to pursue a career in social work, I'm not going to encourage attending a college where they'll leave with a lot of debt," she says. However, a strong candidate for an engineering degree can afford to borrow a little bit more based on future earning potential in the field.
Paying for college involves a balance of free money, including scholarships and grants, family savings and student loans, Levison says. To acquire more of the first two and avoid the latter, don't wait until a student's senior year to plan college funding, she says.
Trying to fund your education? Get tips and more in the U.S. News Paying for College center.