Families putting together college plans are looking at different avenues to find success. John joined The Opening Bell to share some insight from the book “Plan and Finance Your Family’s College Dreams“, helping families get through the planning process.
- Starting early on savings will reduce the need to borrow in the future. There’s 529 programs in place with creative ways to hit savings goals over time. Consistent long term savings combined with any gifts can really grow.
- College value is different for every family. Be realistic, rather than pessimistic or optimistic. The planning process has many little steps involved to determine the right fit school considering everything going on in a young person’s life.
- During election season, we hear ideas about “free” college and student loan debt forgiveness being made more widely available. At the end of the day, college choices come down to individual decisions based on personal goals and needs. Real solutions are not easily found through claims made during elections.
Check out the full recording beginning @ 19:43 on WGNRadio.com