Wed, Dec 18, 2024 11:30 AM

Having the “money talk” with your high schooler before they apply to colleges is one of the most important steps you can take in the college planning process. It is essential to have an open conversation about what your family can realistically finance when it comes to college each year, which includes: tuition, fees, housing, meals, books, transportation, and other expenses. This will help your student focus on applying to schools that align with both their academic goals and your family budget.
Starting this conversation early also helps your student understand financial aid, scholarships, and the role loans might have to play in their future funding plan. When they know the financial realities ahead of time, they are better equipped to make decisions that balance ambition with practicality, avoiding unnecessary debt down the road.

To make planning easier, tools like MyCAP can provide a clear picture of what each college might cost based on your family’s unique situation. By using a terrific resource like this, you can approach the process with confidence, knowing you are helping your student make informed choices about their future.

I promise, by taking the time to talk about money now, you will prevent your family from having huge amounts of stress later and ensure your student is set up for both academic and financial success in the future.

Since the College Money Talk is part of my process – feel free to schedule a meeting with me today.

Need help with the College Admissions Process, Finding Scholarships, or with Financial Aid?

Schedule your Meeting with Dan Bisig – TODAY!