Tips to avoid saddling your kid with student debt

Tuition costs have rise 11-fold over the last 35 years.

Parents saving for their children?s college education have reason to be anxious this year, according to TheStreet.com.

The financial-news website found that 43 percent of 25-year-olds had student debt last year, as the nationwide total tops $1 trillion. Tuition costs have grown 11-fold during the past 35 years.

The Street recommends five savings options to avoid accumulating debt including:

• Think in-state rather than paying out-of-state tuition

• Attend a public institution or start out at a two-year school

• Try going out of the country ? some schools in Scotland and Canada can be a fraction of the cost of American private schools.

• Go with a massive online open course or (MOOC)

• "Get crafty" ? the U.S. Department of Education?s College Affordability and Transparency Center shows the highest (top 5 percent) and lowest (bottom 10 percent) net price and tuition for colleges in the U.S.

Get more tips from TheStreet.com.

Thompson Wall is TBJ's 2013 summer intern.

Source: http://feedproxy.google.com/~r/bizj_birmingham/~3/t-svVK7Oq5s/tips-to-avoid-saddling-your-kid-with.html

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