College costs are on the rise and show no signs of slowing their climb. According to the College Board’s “Trends in College Pricing” the average annual cost for in-state tuition ranges from $17,336 for public institutions to a whopping $35,374 for private universities. Adding insult to injury, college expenses are typically paid with after-tax dollars, which means that if you’re in the 28 percent tax bracket, you need to make $24,075 to pay a public institution’s $17,336 tuition. With numbers like these, many parents are on the verge of panic about college. They’ve watched their education savings vanish in our nation’s battered economy and, as scholarships and grants dwindle, they find themselves struggling to figure out a way to pay for college. In this pressure-filled environment, most families end up taking on unhealthy levels of debt - debt that can take years to pay off. Despite the bad news, the good news is that families can still play the college financial aid game and win if they employ some smart strategies. 10 Ways Parents Can Cut College Costs Now For Their Senior High School Student 1. Apply early in your senior year

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