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What are the best strategies for saving money for college?
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1. Start saving as early as possible.
2. Utilize tax-advantaged options such as 529 College Savings Plans.
3. Try to get scholarships, grants, and/or other forms of financial assistance.
4. Consider enrolling in an in-state public college, which can cost significantly less than private colleges.
5. Research the different financing options available to you, such as federal student loans, private loans, and other loan alternatives.
6. Set up a budget and stick to it.
7. Take advantage of discounts, such as employer tuition reimbursement programs and educational performance incentives.
8. Use low-cost textbooks, or explore options such as renting textbooks or buying them from a used book store.
9. Limit your use of credit cards, and instead opt for cash or debit payment options.