We are just a couple of weeks away from FAFSA being available for Seniors in High school, so I wanted to share a couple of take aways from a research paper put out by Sallie Mae. In the research paper it details how we are paying for college in the US. Specifically I thought it was interesting when the paper discussed “How families feel about the costs of college”. The important word is “Feel” as what I have found is choosing and paying for college is an emotional time for families. I know this first hand as I am the parent of a college student and Junior in High School. It is very difficult balancing the emotions of choosing a college and actually paying for it.
Our goal at University Financial Strategies to help college bound families become an educated consumer of a college education, so these finding really highlight the importance of planning. Please watch and learn more about these finding.
https://www.salliemae.com/assets/research/HAP/HowAmericaPaysforCollege2019.pdf
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At University Financial Strategies our mission is to help families think beyond just saving for college, but helping leverage strategies that leverage your unique situation to help you save on college costs. We take into consideration topics like specialized college-planning strategies for business owners, planning for financial aid, school-specific scholarships, coordinating college planning with grandparents, cash-flow strategies and options for covering shortfalls, to name just a few.
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