College education is no small matter or expense, especially a program of four years or more. If you are a dependent student, this is a matter to discuss with your parents. If you are an independent student, you should consider your financial situation carefully as well. It is never too soon to sit down and outline a "survival plan." Things to think about include:

• What can my family afford to contribute, short- and long-term?
• What can I contribute - current savings or work income?
• Have I really looked for scholarships? There are many scholarships that are not academically oriented. Some are based on extra-curricular activities and other interests. Use the scholarship links to help start the search.
• Does my school offer work-study? Can I work 10-15 hours per week? Studies indicate that students who work actually perform better academically. Find your school online through the college search.
• If borrowing is necessary, how much should I borrow? Use the financial aid calculators to estimate your future expenses and loan payments. Take into account the projected earnings of your chosen profession.

The answers to these and related questions can help provide a financial roadmap that will help you achieve success - in school and beyond. Don't forget - that roadmap probably needs to be revisited from time-to-time!

The longer you can put off borrowing, the less there will be to repay when you leave school. Before borrowing, consider how much to borrow, when and if it's necessary. Loans ultimately must be repaid. When loan payments are spread over a number of years, borrowers may pay double the amount borrowed. Borrow only what you need. Borrowers who take out extra loans to buy luxury items pay significantly for those non-essentials in interest costs and unnecessary debt.