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Creative Ways to Save on College Costs

Readers offer a plethora of innovative ideas to help your child get a college degree for less.

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From a financial standpoint, there's probably never been a more challenging time than now to be the parent of a college-bound child. With the price tag for four years at an in-state public college often stretching north of $100,000, and double that amount at a private college, families have been forced to cut corners and make compromises to deliver the college education that so many consider to be an essential part of the American dream.

Fortunately, there is no shortage of ideas regarding how to lower the cost of a college education, saving anywhere from a few bucks to tens of thousands of dollars in the process. Morningstar readers on our Personal Finance discussion board were recently asked about their tips for saving on the cost of college and, as usual, they delivered. Excerpts are below, and for the full discussion, click here.

Adam Zoll does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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