College costs continue to escalate. The burden on families grows every year.
Even before the Great Recession trying to balance the competing and emotional needs of paying for college while trying to save for retirement was a struggle. Let’s face it: Paying for college is as much a retirement planning issue as anything else. Don’t ever forget that.
So how much is a college education worth to you? The average price keeps going up and is the only part of the economy not showing any slowdown in price increases (besides gas prices of course).
- Average public 4-year school tuition is now $16,000 per year
- Private colleges are at $32,000 per year
- Elite private colleges are near $50,000 per year
And this doesn’t include tuition, room, board, fees and “extras.”
Again, how much is this worth to you? Will you be satisfied eating Mac and Cheese or working as a Wal-Mart greeter during your “Golden Years” knowing that your child got the most expensive education that money could buy?
If the answer to that is “hell no,” then you’re at the right place.
Become an Informed Buyer of Education
Welcome to my latest blog where I will endeavor to bring you insightful and creative tips on how to be an informed consumer of higher education.
Trying to get a handle on what to do is difficult. Let’s face it: Unless you’re Octa-mom or do this everyday, you’re flying blind when it comes to figuring out how to manage paying for college. Have you actually seen a FAFSA form lately? Do you really want to?
Sure, if you have a couple of kids within a couple of years of each other, the rules might be the same. Sure, you can rely on what your neighbors did for their kids who graduated a few years ago.
Or you can have a plan tailored to your situation.
Look, just like tax laws, financial aid rules and how college admissions officers work their magic change every year.
So you may as well have a plan and be a part of making it happen.
This blog and my website are here to help.
Stop by and let me know your thoughts. Shoot me a question. And feel free to try out the exclusive college planning service website on your own. And then let me know when you’re ready to get serious about this by calling me directly at 978-388-0020.