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For Parents

Parents play a key role in helping their children make smart decisions about important things in their lives. And that certainly applies to the ones they make about going to college. Besides getting the saving-for-college process started early, parents can help by reinforcing the importance of making smart borrowing choices today that will impact their children's future. Parents can also help by becoming cosigners Cosigner/Co-borrower - An additional applicant added to a loan to meet the creditworthiness guidelines, usually a parent but not always. A cosigner will have the same legal responsibility on the loan as the primary borrower. for their children's loan. Parents with a good credit rating not only improve the chances of the loan's approval, but they could also lower the rate.

Advisor Soapbox: Talking About Tuition

In this Forbes.com posting, First Marblehead CEO Jack Kopnisky offers tips for families to get better results from their conversations about college financing.

Talking to your Teen

Advice for connecting with and staying connected to teens as you talk through decisions about college.

Hidden Costs of a College Education

Details some unforeseen expenses that can boost the tab, and why it's important to talk with your child now about these hidden costs.

Financial Literacy for Parents and Students

This brochure from College Parents of America gives parents advice on how to begin to talk about financial matters such as budgeting, paying bills and managing accounts with their children.

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