Question

Kevin is in 8th grade and he wants to attend college. He claims he needs to research how much college will cost for his chosen degree and fill out the FAFSA before he can prepare and save for college. Which statement about his claim is correct?
Kevin is correct. He needs to know how much of his college expenses will be covered so he knows how much to save.
Kevin is correct. By filling out the FAFSA and sending it in, he will not have to pay anything because grants and scholarships will cover the costs.
Kevin is incorrect. It is never too early to start saving for college. Even if he earns scholarships, he could use the money for other expenses.
Kevin is incorrect. It is too late to save for college. His parents should have started a college savings account when he entered kindergarten.

Answer 1

The correct statement is:

Kevin is correct. He needs to know how much of his college expenses will be covered so he knows how much to save.

The part about FAFSA is incorrect as the application is for the current and next school year. He should not complete one as an 8th grader.

Answer 2

Kevin is incorrect. It is never too early to start saving for college. Even if he earns scholarships, he could use the money for other expenses.