College is a foundational part of your child’s educational journey to adulthood. How to pay for college though? That’s often daunting and can feel unattainable, especially when getting divorced or separating. Here, we'll walk through how to pay for college by planning strategically with these six steps.
For this upcoming Father’s Day, I am thinking about my own Father who passed away almost 20 years ago…
I remember many times when I was in college, that he wanted me to take over his Accounting and Law practice and I just wasn’t interested. What did I know, I was only a kid in college… Perhaps, if I had been exposed to different areas of accounting, I may have been more inclined. But, at the time, I didn’t know what I didn’t know. I went on to graduate from college, and then accepted a full merit scholarship from Syracuse University and graduated with my MBA (just not in Accounting).
I’ve had a few meetings this past week with separating and divorcing couples who are planning for college for their children. Besides it being heartbreaking as I’ve been through the process myself, I’m mixed with emotion. I’m glad that these parents are able to come together for the benefit of their children. I’m saddened that the kids don’t even realize what is to come. I’m happy knowing that I’ve reduced some of the overwhelm for both parents and that they are now able to make informed financial decisions for each of their respective futures.
As the school year winds down, and our thoughts turn to summer, it’s a wonderful time for you and your teen to consider future college plans as you both prepare for college!
For those with graduating High School Seniors, congratulations!!!
The tuition deposits are likely in and it's now time for you to start thinking about finding even more Scholarships and applying for Student Loans to help pay for the cost of college! But also, consider if your financial situation has taken a recent potential downturn. There may still be money to save on the cost of college!
For those with rising High School Seniors, buckle up!!
Now's the time for the fun to begin!!
College Financial Prep provides families with cost saving strategies, scholarship research and financial aid preparation. Contact College Financial Prep today at 516-225-5224!