Making College Work For Your Family

As a parent of a high-school student, you’re at such an exciting time. Your student is starting to really think about and build towards their future: colleges and majors and career paths. But for many families, it’s also a stressful time. The range of college choices borders on infinite, the application process can be incredibly time-consuming, and the potential costs are daunting. Nonetheless, college remains a good investment, paying off not just in higher earnings and better employment prospects, but in health and happiness, too. And that’s before we even factor in the intellectual, social and personal growth that young adults experience through the exposure to new experiences, ideas and people that college provides. 

As a financial advisor, I see increasing numbers of families who are concerned about the cost of college: not just how expensive it’s become, but the sense that it’s impossible to plan for college because of the huge range in potential costs and the lack of transparency in the financial aid system. At the same time, I see too many young adults whose student loans are constraining their choices and their lives. 

Like you, I’m a parent. When I started working with families on financial planning for college, my twins were in elementary school. When the time came for them to apply to college, we used the knowledge and experience I’d gained to guide their college search process. Now, both are attending their top-choice colleges-- one at an elite private school, the other at an out-of-state public school-- because they were able to get scholarship packages that made those choices fit our family’s budget. 

The College Financial Plan Masterclass is designed to help families of high school students make good financial decisions about college-- and not sacrifice the quality of their college education or experience in the process: 

  • What’s an appropriate college budget? 

  • How do you find colleges that are likely to meet your budget and also your expectations of what constitutes a good educational experience?

  • How does the FAFSA work? What about merit scholarships? How can your student find scholarships?

  • Now that you’ve been saving for years, how do you spend your savings? What other financial resources are available to you?

  • What is a reasonable amount of skin in the game for a student?

  • How do you make good decisions about borrowing for college?

  • How do you talk to your student about college costs and what’s reasonable for your family?

Ready to get started? Click here to begin.