Caroline Hoxby, Professor of Economics at Stanford University

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“I think the most important thing is for families to start a little bit early. If you have a 16-year-old or a 17-year-old, start now. If you are a senior and you still have not figured out how you’re going to pay for college, it is not too late to start. First, think about the colleges for which you’d be well-suited without reference to cost, and then with your list of colleges, go online and go to those colleges’ net cost calculators.

Figure out how much it would cost you. Ignore all of the information that you may hear from your neighbors and your friends about how much they think college costs or something that you hear that’s alarmist. Go and figure out how much it’s going to cost you and focus on that.”

Caroline Hoxby speaking to NPR’s Michel Martin on How to Pay for College

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