College Loans Overview

Depending on the amount of the Expected Family Contribution (EFC), a part of the financial aid package will probably contain student loans. Most of these are based on need (such as the Perkins and the Stafford), but some aren't (such as the PLUS). In actuality, many more families qualify for federal loans than most people realize.
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An Overview of the Investment Options Suited for Educational Planning

Start saving as soon as possible. The miracle of compounding makes getting started now the most important part of any large expense that's still several years away. Most of this money should be in stocks, since bonds and other investments historically have had trouble keeping up with the rising costs of a college education. As your child gets closer to his/her college years, begin to move the money from stocks to safer investments such as bonds and money market accounts.  (more)

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