Have you ever thought, “How do colleges expect families to pay these high tuition prices?” One reason: as long as someone is willing to pay, they have no incentive to lower their prices. This is particularly true of popular schools, schools with name recognition, and schools in desirable areas. Increased demand, reduced state funding, the rising costs of competitive faculty and staff compensation, and expanding student services are other factors that contribute to rising tuition. The most expensive colleges in the world can cost more than $50,000 per year—and that doesn’t even include room and board!
College financial planning can be an overwhelming process, and poor planning (or none) can leave students and/or families saddled with debt. In our September Smart Women/Savvy Money podcast, Derenda King will present essential information to help you navigate the maze of college funding, answering questions such as
- Will my student qualify for financial aid?
- Will my investments hurt my student's chances for aid?
- What do the FAFSA and PROFILE take into account? What do they ignore?
- What's the best way for grandparents or extended family to help?
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At Urban Wealth Management, our mission is to create a supportive and secure environment where women are encouraged to be engaged in their financial affairs and take ownership in creating the life they desire and deserve. Our vision is that every woman should live a life of her design, using her wealth to fulfill her dreams, enjoy her passions, and expand her interests. If you’re ready to begin the journey, connect with us for a complimentary half-hour chat.