College Planning – It’s About More Than Money

iStock_000051531472_Medium

The day your newborn was released from the hospital it started, the common refrain about the importance of saving for college and rising tuition costs. After diligently depositing regular contributions and birthday checks into a college fund over the years, you’re on target to fund your child’s education.

As your child gets ready to start high school in the fall, a new chapter of college planning begins, probably earlier than you think. It’s time to start thinking about completing college applications. High school will provide a wide range of extracurricular activities, advanced placement classes and volunteering opportunities. Choosing the right mix of activities and classes now may increase the chances of your child opening an acceptance letter from a top school in the future.

You can opt to do this planning on your own with help from your local school district. Another option is to hire an educational consultant to do the legwork. These professionals can help you complete financial aid forms, evaluate financial award letters or keep your child on task to complete the next step of the application process. Your financial advisor can serve as another resource to help you navigate the options.

Although saving for college tuition can be challenging, applying for financial aid and working with your child to complete several college applications can feel overwhelming. Keeping college in mind as your child chooses classes and activities for freshman year is the first step toward a strong and competitive college application. Look on the bright side … at least it’s easier than teaching them how to drive!

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.