The partners who share in the cost of higher education are the state and federal government, parents and students, institutions of higher education, and private entities. Although their tuition and fee costs are higher than the public colleges and universities, they offer a lot of financial aid to their students. The other part of college costs that students will be expected to pay includes expenses for everyday living while in college. Many students in Texas receive financial aid to attend college. Families are expected to contribute to their students education even if the contribution is a small one.
Most families use a combination of resources to help pay for their children s education.
Typically, families spread the cost of college over a long period of time-the same way they pay for other major expenditures, like homes and cars. Families have the primary responsibility for figuring out how their contributions and other financial aid resources are going to cover the cost of college. Many families will need assistance from other sources to help pay for their student s college experience. Student financial aid is money used to help students pay for their college expense. Without financial aid, many families and students cannot afford to pay for tuition and fees, books and supplies, and the living expenses associated with attending college.