20 High School Seniors Ask: How to Prepare for College Financially

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I remember my college search process, the campus visits, and final choice like it was yesterday… my thought process went something likes this: I deserve to go anywhere that accepts me. Cost barely registered in my decision-making – and certainly not because my parents could afford it. My mom just kept telling me “we would figure it out,” while my Dad kept telling me it wasn’t that simple. I had no idea how to prepare for college financially, and my parents, having both gone to college while mostly living at home two decades prior were ill-prepared to guide me.

When I think back on how risky the decision I made was… I had zero college savings, and extremely limited financial support from my parents for school – a few $100s for books and the occasional plane ticket home. I signed up for $10,000s of student loans without even blinking, asking extended family members to co-sign, without fully grasping what I was asking of them. I never weighed what my future earnings potential would be or if I could even afford it. Thinking back – I got lucky, unbelievably lucky. Following the same path today, the math would not work out in my favor.

This guide will help high school students:

1. Evaluate college like an investment decision
* The Initial Cost & How to Pay For It
* Vs. Expected Future Earnings

2. Address Specific Questions from High School Seniors

3. Lessons Learned & Experiences from Family Finance Moms

Thank you for sharing!

About Meghan

Meghan spent nearly a decade as a Financial Analyst, before spending the last 7+ as a SAHM to three little ones. She shares simple money tips for moms to help your family reach your financial goals by building a financial plan you can LIVE with! You can learn more about her background in finance, catch her daily on Instagram and Facebook, and her weekly live discussions in her community for Family Finance Moms.


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