The answer? As long as your child meets the LinkedIn.com minimum age limit of 14, it’s absolutely true.
Your child needs one place to keep track of all of her accomplishments, achievements, work experiences, school and scouting awards, scholarship awards, job shadowing experiences, and volunteer and service hours and experiences, right? LinkedIn is a spectacular place to do that.
Many parents mistakenly believe that if their children will just become highly paid professionals, such as doctors or a lawyers, “they’ll be able to easily pay back their student loan debt.” Is this true?
No — it’s not true.
Increasingly, even highly paid medical doctors struggle to keep their heads above water when it comes to student debt.
Parents, I know you’ve heard the horror stories.
You’ve heard of loving mothers and fathers who sacrifice for years only to find themselves in their 50’s, stressed and anxious over unkempt twenty-something children still living in their childhood bedrooms, sleeping in past noon, lounging afternoons away on parents’ couches, helping themselves to food from their parents’ refrigerators, and then staying up long hours into each night gazing into the flickering blue screens of online video games?
You know that there are hundreds of thousands of parents living this nightmare every day, right?
What are you going to do to avoid becoming that parent?
Researchers tell us that the brains of middle schoolers are growing at an explosive rate, faster than at any time since infancy. New connections are being formed, less-used pathways in the brain are being pruned away, and new experiences are imprinting deeply, in technicolor, in ways that will not be forgotten even in adulthood and old age. For this reason, 8th grade is a prime time to have a conversation with your child that covers what you as parents are and are not willing to do to help with their life after age 18.
Here are 5 things parents need to do to prepare for this pivotal 8th grade meeting.
“Why the big emphasis on avoiding student debt?” some parents and school administrators wonder. “Everyone gets student loans, don’t they? That’s what my guidance counselor told me when I was in high school. Isn’t that just the way it is?”
Is that just the way it is?
Years ago, a hardworking college student could earn enough money in a summer of life-guarding or burger flipping to pay for one year of college tuition. If she continued to work for wages for as many hours as possible during the school year, lived in a tiny apartment with multiple roommates, and ate only macaroni and cheese, she might be able to cover her own living expenses during the school year as well. Is this still the case?
No; it’s not. Students can no longer pay for their own college by working a minimum wage job.
Because of rising tuition costs, it’s no longer possible for college students to earn enough money to pay for college tuition as they go.
Some parents try to save a little time, energy, and money by just putting their kid in charge of planning out his or her own college financing. “She’s nearly an adult; let her figure it out herself and live with the consequences,” some parents think.
Is this a good idea?
Here are my thoughts on the subject.
Parents, please don’t be tempted to try to hand off responsibility for figuring out college financing to your child, no matter how busy you are and no matter how bright and capable he or she seems to be.