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You to olivia, a high school senior who was not only waiting to find out where she would go to college, but also how d she paid for it. we wanted to follow up with her. they have two new dorms, which everyone wants to room in, but i m kind of leaning towards the all-freshman dorm. reporter: 18-year-old olivia has made it into her first-choice school, cornell, and she s hoping she gets to go. we are waiting between two very good schools that she likes. one school has already awarded the financial aid package and one school hasn t. so we are on pins and needles. reporter: tuition is up a whopping 400% since the 1980s. that means many families cannot manage without some sort of financial aid. but that s not the only option. princeton review publisher robert franick says 529 plans are college savings plans. reporter: specifics vary from state to state, but here are the basics. you can invest in a savings plan when wr the money goes into investments like mutual funds. and ther ....
Apply for various college scholarships. but many don t know about their options. robert franick said do as much research as possible and start early. lots of students and families were making a mistake early on in their college research. it was crossing an expensive school off their list of consideration early on without following through and find out how much financial aid that school is actually giving out. reporter: olivia s mother was involved from the start. everything is very time sensitive, and the sooner the paperwork gets in, the money is divvied out on a first come, first served basis. you really have to be on top of your paperwork and taxes and have everything on n on time. you just ask every college specifically because even after asking the general questions, the specific requirements of one particular school differ greatly from another school. as april 1st draws closer, olivia and her mother are nervous and hopeful. reach for the sky. reach for the sky. i m ....