Then, when that's paid off, apply what you were paying to your smallest debt to your next smallest one, and so on. It can't be done-nor should it. If you want to help pay for your child's education, set a goal for the amount you plan to contribute. Here are a few alternatives to your footing the bill. Most four-year institutions accept course credit from these schools for required classes, and tuition is usually half the price.
Student loans offer low interest rates and can be consolidated or deferred until after college.
A student can work full-time saving money, then attend school in a year or two. Once the plan is set up, the church can pay directly into the account. Many will waive their minimum initial investment requirements if you agree to contribute monthly. Those who seek help are likely to reap greater financial benefits than those who invest for themselves. Spring 1997, Vol.