Your daughter’s 15 or older, and she’s earning and saving her own money. Whooo hoo! But wait—just a minute. Could the money she’s saving in her own name end up sabotaging future college financial aid awards?
Learn the sobering answer here—along with 5 safe, legal ways your kids can keep their own money under their own control during the college years.
1. Why it’s important to think carefully about student earnings after December 31st of the 10th grade year
2. Why January 1st of the sophomore year of college is liberation day, the day no parent or student financial decisions can hurt undergraduate financial aid ever again
3. Why putting the cash your family hopes to save for college into a grandparent-owned 529 college savings plan can be a brilliant idea
4. Which kinds of student income will never hurt college financial aid awards
You’d rather read than listen? OK you can do that here!
This page allows you the extra fun of watching me, in my studio, recording this episode.
Help us spread the word about this podcast!
If you’ve found valuable help here today, please copy the red text below and paste it into your Facebook status:
If you’ve got kids ages 12–26, you need to listen to the Launch Your Teens podcast. Lots of help for getting your kids through college debt-free and into jobs they love afterward. Listen or watch here: bit.ly/launchyourteenspodcast.
Links and resources mentioned in this episode:
Jeannie Burlowski’s article Urgent Info For Parents of 9th Graders
Why grandparent-owned 529 college savings plans are a brilliant idea (This article includes a free downloadable info sheet that explains the idea to Grandma.)
Learn about co-op college programs on pages 161-165 of LAUNCH: How to Get Your Kids Through College Debt-Free and Into Jobs They Love Afterward
The income cut-off mentioned in this podcast episode is $6,570.00 per calendar year after taxes, which is (approximately) $7,162.00 per calendar year before federal, FICA, and state taxes are taken out.
Before you fill out any FAFSA forms, be sure to download Jeannie Burlowski’s free resource 30+ Common FAFSA Mistakes and How to Avoid Them
Purchase LAUNCH on Amazon at: bit.ly/burlowski
Sign up for email updates at: JeannieBurlowski.com
Learn how to add Jeannie’s email updates to your “safe senders” list here.
Find hundreds more debt-free college articles, all beautifully categorized, at: JeannieBurlowski.com
Learn the easiest way to write an iTunes review at: JeannieBurlowski.com/REVIEW
Read reviews of Jeannie Burlowski’s live speaking events at: JeannieBurlowski.com/SPEAKING
Support this program at: Patreon.com/debtfreecollege
Follow Jeannie Burlowski on Twitter at: Twitter.com/JBurlowski
Help us spread the word about this podcast! Please LIKE, SHARE, and SUBSCRIBE on YouTube at bit.ly/launchyourteenspodcast
Remember, maximizing financial aid is only a small part of the picture when it comes to getting your kids through college debt-free.
For clear, step-by-step help with the whole process from beginning to end, get your copy of my book:
It’s a reference book, so nobody reads the whole thing cover to cover. Pick out what you need to read in it using the fast-paced, 10-minute video instructions here.
You can see hundreds of reviews of this book on Amazon by going to:
(Tell your friends.)
You can see why financial advising professionals love LAUNCH, here.
You can see the top 9 questions parents are asking me about LAUNCH, here.
Read just one chapter of LAUNCH every 1–3 months while your child’s in middle school and high school, and you’ll know every viable strategy for debt-free college at exactly the right time to implement it.
And if your child’s already well past middle school? That’s OK; you can run to catch up. But the process of getting your kids through college debt-free goes more smoothly the earlier you start it—especially if you’re not planning to save up any money to pay for college.
Take a step on this right now. Get regular, inspiring help from me—every Monday morning.
Subscribe to my free weekly email newsletter here.
Do you have specific questions for me about debt-free college and career for your kids?
It’s my members that get most direct access to me. Doors to my membership open each year for just 5 days in March, and 5 days in September. It costs just pennies per day, but space is limited. Join the Waiting List here.
Did you find this article through a Facebook post?
Please click the LIKE or SHARE button on that Facebook post right now. You’ll be helping me get this info out to lower-income families who might never otherwise find out about it.
What about you?
What thoughts can you share on this subject? Comment below or LIKE Jeannie Burlowski Author on Facebook, find this post on that page, and let’s talk about it there.
What is the Launch Your Teens podcast?
At Launch Your Teens, parents of kids ages 12–26 learn how to set their kids up to graduate college completely debt-free, ready to jump directly into careers they excel at and love—even if they don’t get a single scholarship. If you’re new to Launch Your Teens, be sure to listen to all of episode 1 as soon as you can. It’s just 23 minutes long, and it gives you all the most important foundation you need for this journey.
Who is Jeannie Burlowski?
Jeannie is a full-time academic strategist, podcast host, and sought-after speaker for students ages 12–26, their parents, and the professionals who serve them. Her writing, speaking, and podcasting help parents set their kids up to graduate college debt-free, ready to jump directly into careers they excel at and love. Her work has been featured in publications such as The Huffington Post, USA Today, Parents Magazine, and US News and World Report, and on CBS News.
This episode is brought to you by Signature Orthodontics in St. Paul and White Bear Lake, MN. Signature Orthodontics, where you’re treated by experts, treated like family. Online at SignatureSmilesMN.com.