College

You may think back fondly on your halcyon collegiate days, but unfortunately, it’s getting increasingly difficult to afford college. It's important to learn all that you can and get as much help as you can to help make these costs more manageable for your family. Be sure to take these tips into consideration as you help your student apply and prepare to pay for college:

Are you anxious about rising higher education costs? College can be a valuable experience, but it’s becoming less and less affordable since costs are growing at approximately 6% each year, which is more than twice the inflation rate.

College represents a new period of independence in a young adult’s life. It may be the first time that your child has almost complete control over their own finances. From deciding how to use their spending money to deciphering student loan options, it can be difficult for students to adjust to the financial side of college living. But it’s a great time for them to learn how responsibility and planning can lead to success, both for their wallets and their lives after college!

The Coronavirus pandemic has impacted us more than we could ever have imagined in the beginning of 2020. Students and teachers had to quickly transition to online learning. Many people were laid off and furloughed with no financial backup plan. And now we’re facing the tough decision of whether to send our kids back to school this fall.