Going to college can be a smart investment in your future, but given the bruised economy and bleak job market, a smart repayment plan is more important than ever. “The sooner you call your financial organization, the more that can be done to accommodate you and your student loans,” says Frank Cradduck, a financial center manager with Fifth Third Bank.

Even in a good economy, many parents feel overwhelmed by the thought of saving for their child’s college education.

 “Saving for college doesn’t have to be complicated,” says Nicole Lowe, a financial center manager at Fifth Third Bank. “The key is to simplify this task so parents can tackle it confidently, beginning when their children are very young.”

"When it comes to funding college, one of the first things parents and students should do is educate themselves," says Matt Cook, a financial center manager with Fifth Third Bank. He recommends SallieMae.com, a Web site that offers information on savings programs, loans, scholarships and grants.

Given the recent economy, many families have had a difficult time making ends meet. Setting aside extra money for college has been out of the question. Still, if your child wishes to pursue a college education, it's important to know it's possible. You'll just need some financial help - in the form of grants, scholarships and loans.