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Parents can use the BLOC to pay all college expenses such as tuition, room and board, books, class fees, computer and all other related expenses minus the financial aid the student receives. You simply borrow money from the BLOC as needed (up to your credit line balance).

Steps:

1. student and parent estimates
   how much money will be needed for the academic year. Use this budgeting worksheet to estimate available aid and costs:
   
   download college budgeting worksheet
   
   
   
2. student and parent use pre-paid credit cards
   to manage monthly spend. Pre-paid's set limits on the amount spent each month. You can use the BLOC to load up monthly amounts based on the college budget:
   
   view how pre-paid cards can work
   
   
   
3. parent accesses their BLOC
   to pay educational expenses. Parent uses money management techniques to pay down the borrowed amount
   
   jump to slide show to view how program works
   
   

benefits:


• your BLOC functions like a bank when you need funds
• no additional debt to assume
• borrow money only as needed
  
  
  
  your BLOC account may look like this if you had the following spending plan:
  
  
  • net monthly income: $5,000
  • monthly living expenses: $4,000
  • monthly discretionary income: $1,000

  note: this is an example of a payment plan used for this illustration. Individual financial circumstances may be different