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By Selena Maranjian (TMF Selena)
July 5, 2002

Q. What are the various components of a financial plan for college?

A. The money to pay for all those biology books, dorm rooms, and late-night cheeseburgers will come from many places. Here are the biggies:

• Your savings
• Your child's savings
• Federal financial aid grants and/or loans
• Financial aid grants and/or loans from your child's college
• Other loans
• Campus work/study jobs
• Other part-time work
• Scholarships
• Change found under sofa cushions

There's a lot to know about how to save for and pay for college. Drop by our newly revised College Savings Center.

Also of interest might be these additional resources: the U.S. Department of Education, the Student Guide, www.finaid.org, the College Board, Peterson's, Campus Tours, the 529 plan guide, and Mapping Your Future.

And by the way, if you wish you had a financial pro to talk to -- to address your specific personal situation and help ensure that you're saving enough, and well enough, to meet all your needs -- then read more about TMF Money Advisor. It's a valuable new service we're offering, featuring customized independent advice from a variety of objective financial pros.

If you have any questions, thoughts, or opinions on this topic, share them with others on our discussion board for Ask the Fool.

This question and answer is adapted from The Motley Fool Money Guide: Answers to Your Questions About Saving, Spending and Investing. For answers to this and 499 other common money questions, check it out -- it's a handy resource.