Your Job Change COULD Save Your Kid $40,000 on College Costs

Parent, might you be ready for a job change by the end of this summer?

If you make this job change decision strategically, you could save your kid $40,000 on college costs.

job change

“Really? How could my job change save my kids money on college costs?”

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Which Colleges Are Still Taking Applications?

5 Cautions For You If Your Child is Headed to College in 1-3 Months

Ben and his parents sat up late at their dining room table, combing through all of Ben’s college financial aid numbers one more time. Ben’s dad ran his fingers nervously through his hair. The problem? It was already summer, and every college that had accepted Ben for the coming fall was requiring him to commit to loads of student loan debt in order to attend.

Colleges are still taking applications

“Is it too late to just try to go to a different college?” Ben asked. “I don’t know,” Ben’s dad said. “Are there any other colleges still taking applications?”

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In Just 5 Minutes — Change Your Future Grandchildren’s Lives

grandchildren

Last year, I climbed a mountain in Zion National Park.

My husband, the avid hiker, gave me a set of hiking poles and these instructions: “When you start to feel exhausted,” he said, “just concentrate on your next step. Where’s the next, best place to put your foot? Carefully put your foot there, and before you know it you’ll be at the top.”

Many of us get through parenting in this exact same way.

Exhausted, we survive day-to-day by focusing on the bare minimum required next step in our parenting journey. Just getting through until bedtime, or until Saturday’s soccer game, or until the next school break. We limit our thinking to the immediate, the urgent, and the short-term—because that feels productive. It feels like we’re getting somewhere.

In truth, taking just 5 minutes to look at the long view can be exhilarating.

When I was climbing that mountain in Zion, the moments that took my breath away happened when I stopped, lifted my head, and looked out over miles of sheer cliffs and valleys, all the way to the misty distant horizon.

Taking 5 minutes to look toward the parenting horizon can be both exhilarating and transformative.

For 5 minutes right now, think, “What could we as a family do this year, that could impact our descendants 100 years from now?”

Is there something you could do now related to education, to money and debt, or to moral and spiritual development, that could pay off for generations to come?

Our culture is currently plagued and limited by a short-term thinking mindset. You don’t have to be.

Ari Wallach, in this powerful TED Talk, urges us all to transform our children’s and grandchildren’s futures by breaking free of the 3-5 year “short-termism” that, he says, “permeates every nook and cranny of our cultural reality.” Wallach calls us all to practice “longpath” thinking that asks this important question: “To what end?”

What is the purpose in what we’re doing? Where are we going with this?

How will these decisions we’re making today impact our family 100 years from now?

What could we do this year that could pay off in huge ways…for generations?

Carefully consider these words, which I consider to be the most important in Wallach’s TED Talk: 

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Two Extra Years in College Could Cost Your Kid $300,000

Here are 7 Proven Ways To Get Through College FAST

When you imagine your daughter’s future, you probably don’t envision her spending extra years in college.

Yet, according to the National Center for Education Statistics, only 40% of college students earn their bachelor’s degrees in four years. And only 60% of college students receive a degree in six years!

Yikes!

extra years in college

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“Can I Take a Full Load of College Classes in High School and Still Have a Full ‘High School Experience’?”

Yes.

A 10th grader contacted me recently and asked me this great question about taking college classes in high school.

“Jeannie, I know that you strongly recommend dual enrollment college classes in high school for kids who want to get through college debt-free. I want to do dual enrollment full time in 11th and 12th grades so that I’ll have two years of college done by the time I graduate from high school. But my parents are trying to steer me toward doing dual enrollment only just part time. They’re worried that if I take a full load of dual enrollment college classes in high school, I’ll miss out on ‘the full high school experience.’ What do you think?”

My answer is below. college classes in high school

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Must-Listen 9-Minute Dave Ramsey Rant Against Student Loan Debt

Caution, Though; Dave's Wrong About Two Things!

I love Dave Ramsey’s video rant about student loan debt, which you can watch at the link I’ve provided below.

(Listen for my favorite Dave line in this rant: “I missed where the lady got helped.”)

If you’ve got 9 minutes to listen to this while getting ready for work in the morning or while cooking dinner, please do!

As you listen, though, be aware that Dave Ramsey is wrong about two things:

1. Dave Ramsey’s wrong when he says that your in-state college or university is automatically your bargain choice.

microphone

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Can’t Save For College? It’s OK, Mommy. Try This

I’m excited to be guest posting on the blog of Mommy blogger Julie Hoag this week. Julie blogs about motherhood, family, and faith with a focus on moms raising kids ages birth-13. When Julie asked me what her moms need to know about setting kids up to graduate college debt-free, I immediately thought of today’s subject. Read on and I’ll give you an idea that works for any family with any age kids, but it works better the earlier you start it.

Be sure to stop by and visit Julie Hoag on Facebook, TwitterPinterest, and Instagram, and on her website, JulieHoagWriter.com.

Here’s the guest post I wrote for Julie.

save for college

What happens in the minute after a toddler first builds a block tower, and then knocks it over?

Her mom starts thinking about college.

Will this one be an engineer? A construction manager? A real estate developer?

How will we pay for the education necessary to get there, especially when our current budget doesn’t allow us to save for college at all?

One brilliant answer is to start very early on with just one non-saving strategy.

In my work as an academic strategist, author, and speaker, one of the first debt-free college strategies I share with parents is the free college savings program at UPromise.com.

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Ordinary Students—Extraordinary Financial Aid

You’d love for your son to get loads of free money financial aid to help him pay for college, but you’re pretty sure he won’t qualify for much. Your family lives comfortably, after all. You aren’t poor.

You wonder if filling out financial aid forms is even worth your time.

Seven Reasons Filling Out Financial Aid Forms Is Well Worth Your Time.

1. You can have a high income and still qualify for help.

You make over $200,000 per year and have significant assets? Your kid can still get free “gift aid” money to help pay for college. I’m talking about free money that need never be paid back.

Because this is true, plan to fill out the FAFSA form every October 1st that you’ll have a kid in college the following fall. Put this October date on your calendar now, so you can put your kid(s) first in line for all the financial aid money they have coming.

financial aid

Subscribe to “email updates” on this site, and I’ll email you special strategies for getting the most possible money out of the FAFSA form, right when you need them.

(Use these instructions to “whitelist” me with your email provider, so I show up right in your primary email inbox once each week.)

2. The FAFSA isn’t just about getting PELL grants. 

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Social Security Checks Garnished To Pay for College

Elderly Parents in Poverty, Still Paying for Their Kids' College

Could you one day have your social security checks garnished to pay for your kids’ college?

Yes.

You may be in danger of having your social security checks garnished and not even realize it.

Parents duped into taking out Parent PLUS loans to pay for their kids’ college can find themselves on the hook for hundreds or thousands of dollars each month, right at a time of life where they may be wanting to (or worse, needing to) retire.

social security checks garnished

The Danger of Parent PLUS Loans

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Hilarious Idea Makes Kids Eager To Apply For Scholarships

If you’ve got a child between the ages of 12 and 26, you know how difficult it can be to motivate him or her to want to apply for college scholarships.

Try this entertaining strategy, one that other parents are using with great success.

1. Give your son a meager allowance.

Make sure it’s just barely enough to cover his bare minimum life expenses. Set up an automatic bank transfer so that this amount goes into his bank account reliably, every two weeks.

2. List for your son all the purchases this money will have to cover.

“Son, we’ll expect you to use this allowance money to buy all your own school lunches, cell phone service, clothes, shoes, gas, football fees, school activities, and all your personal spending.” Add anything else to this list you can think of.

3. Then, wait for an emergency.

scholarships

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