8 Smart Ways to Cut College Costs and Get Into Your Dream School

College prices have doubled in 20 years, jumping from $45,000 to a shocking $90,000 per year at many private schools. But there are smart ways to reduce these costs while still getting into a great college.

College advisor Andy Lockwood shared his top strategies during a recent MarketWatch webinar. His main message: the sticker price isn't what most families actually pay.

Here are the key tips for families:

• Start planning early - Junior year of high school is the time to build your college list and begin essays • Apply strategically - Look for schools where your grades and test scores put you in the top 25% of applicants • Understand financial aid - Most students receive discounts through merit aid (scholarships based on grades) or need-based aid (based on family income) • Compare net prices - Use each college's net price calculator to see your real cost after aid • Consider public schools - In-state public universities often cost much less than private colleges

The traditional May 1 deadline is when high school seniors must commit to a college. After that date, colleges turn their attention to the next year's applicants.

The bottom line: Don't be scared off by the published price. With careful planning and smart applications, most families can find affordable options at quality schools. The key is understanding how the financial aid system works and positioning yourself as a desirable candidate.

This is an AI-generated summary. Read the original article at: https://www.marketwatch.com/story/how-to-get-into-the-best-college-possible-and-pay-the-least-for-it-2bc4e23c?mod=mw_rss_topstories