Prepare Your Financial Resources
Just as it is never too early to begin preparing your children for college, it is also never too early to begin a college savings plan for your children. In addition, as part of your child's early college awareness, train him or her to save regularly toward a college fund. Information regarding Michigan Education Savings Plans can be viewed at www.misaves.com. Information relating to all aspects of college planning designed for middle school students and their parents is at www.studentaid.ed.gov and www.fafsa.ed.gov.
If you have a high school age child and you have questions about the costs of college for your family, Federal Student Aid provides a financial aid estimator tool that helps determine your student's eligibility for federal assistance so you can evaluate options for planning and paying for education beyond high school. And as you are preparing your and your child's finances for college, don't forget the scholarship opportunities afforded to him or her through the Legacy Scholars program provided the qualifying criteria is met.