Financial tips for parents with college-bound students

04/28/2012 | Morningstar Advisor

Parental income can have a big effect on how much financial aid students may receive for college. Here is a list of dos and don'ts for parents whose children will go to college soon or in the future. For example, parents should begin saving as soon as possible and have their children apply for scholarships. They should not put assets in their children's names or expect that their children will receive full rides.

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