How to pay for college is a question on the minds of many parents. Regardless of how old your child is, funding their future education is a major concern. My wife and I are fortunate because we have time. Then again, our neighbor’s son who was just in diapers went to kindergarten today. Maybe we don’t have as much time as we think.
This is a new series where I will explore college education and why I believe it’s vital to a child’s future. My four years at Plattsburgh State University were some of the best years of my life.
I believe education is the key to a better future. Sure, one may get lucky and invent the next Facebook or iPad and not need college. If this is your kid, kudos and enjoy your tropical island. For the rest of us, college is key. Let’s start with deciding to or not to help financially.
Prior to actually creating a fund of some kind, parents need to decide if they want to fund their child’s education. If they truly don’t want to put any money towards college, hopefully they’re honest with themselves. Then be honest with their children.
My wife and I knew from the start, we wanted to help. Deciding what to do wasn’t easy, but I think we both rest easier knowing that we are helping.
Fortunately we have no plans to become the Brady Bunch so this makes decision-making easier. Paying for college is really a personal decision that stems from many factors surrounding the parents. Once you make the decision, stick with it.
Stay tuned for the next installment, How to Pay For College Part 2: Do We Have Options?
Thanks for reading. Comments and feedback are always welcome and encouraged.