In honor of College Savings Month, EduMed.org launches new and updated resources to help students and parents save big on higher education.
RENO, Nev., Sept. 11, 2024 /PRNewswire-PRWeb/ -- EduMed.org -- a leading source of information for nursing and allied health education online -- has released a collection of in-depth resources to help students and their families save big on college tuition. The site's new primer on 529 plans walks families through key elements of the increasingly popular long-term savings strategy and highlights four key ways to maximize savings over time. This guide is the latest addition to EduMed's college financing toolkit, which also includes detailed information on the FAFSA, scholarships and grants, student loans and tuition payment plans.
"Far too many students and parents rely on their paychecks and personal savings to cover the cost of college, and that's a shame," said Wes Ricketts, founder of EduMed.org. "There are smarter, less burdensome ways to finance higher education – ways that don't force families into tough sacrifices or hard decisions."
Ricketts is referencing Sallie Mae's annual "How America Pays for College" report. According to the students and parents surveyed, nearly half of all college expenses are covered by family income and savings. In contrast, just 27 percent of spending comes from scholarships and grants, while 23 percent is funded through student loans. This reliance on personal funds is often what pushes families into challenging financial situations.
"In addition to more traditional forms of financial aid, such as scholarships and student loans, 529 plans and tuition payment plans can go a long way toward making college spending manageable," said Ricketts. "Families just need to know where to go for the right information and how to get started."
You can access EduMed's collection of college savings resources at the following locations:
- Pay Less for Education: How to Take Charge of Your Financial Aid – https://www.edumed.org/financial-aid/
- How to Maximize a 529 Plan: https://www.edumed.org/blog/maximize-529-plan/
About EduMed
EduMed.org set out in 2018 to support higher education in nursing and allied health. Our free resource materials and expert-driven guidebooks help students find scholarships, financial aid and top degree programs in nursing, healthcare administration, public health, and dozens of other key medical and health disciplines. Since the site's official launch in 2019, EduMed has been featured by more than 100 premier colleges and universities across the U.S.
Media Contact
Wes Ricketts, EduMed.org, 1 775-234-8689, [email protected], https://www.edumed.org
SOURCE EduMed.org
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