One of the largest, and most expensive, factors in deciding on what college to attend is how to pay for it. In recent years, the cost of college has steadily increased which has put a strain on students to finance their education. Because of the higher cost of education, students and parents have become more creative in planning for college.

Explain options available to finance a college education and include scholarships, grants, federal aid, and loans in your discussion. What advice would you give to someone who is about to start his/her college education? How much loans should one get? How should paying for college education be part of ones financial plans?