"College Pete" and I hear that question virtually
every time we give our community workshops
on college funding. Thanks to the latest news
from FAU and other colleges who have decided
to jack their tuition by 15% this year, practically
every parent of a college-bound child is
buzzing about college costs now. This is a good
thing.
See, most parents don't really focus on the
cost of college until their children's senior
year. This is a mistake.
Why?
You wouldn't shop for any other major
purchase without having some idea of the price
before-hand, would you? A car? A house? A
Jack LaLanne Power Juice-o-matic?
Do you think that college tuition is the only
cost you'll pay for your little Einstein?
You're dead wrong.
Tuition is only a fraction of the picture. A
small fraction at that, in some cases.
Kid's gotta eat, right? And live somewhere?
What about books, health insurance, auto
insurance, gas, even spending money for
"personal" expenses (some would call this
"beer money.")
And then there are the fees. Oy, those fees!
So you'd better get a handle on ALL of these
costs looooooong before your child even
thinks about applying.
Most colleges publish their "total cost of attendance"
for one year of college, per child, on their websites.
Typically, they also describe their financial aid
policies.
Do your research.
We hold free community workshops around
South Florida - Weston and Miami this
month; other locations include Pembroke
Pines, Davie, Coral Springs, Parkland, Boca
Raton and elsewhere. Sometimes we
even hold webinars.
Please click here to view our upcoming
schedule - we typically book up a few days
before each workshop so you should
pre-register before it's too late:
www.CollegePlanningAdvice.com/events.
Hope to see you there!
Thursday, June 11, 2009
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