What to Do When You Can't Pay For Your Kids' College | Episode 43

12/01/2023 23 min Temporada 1 Episodio 43
What to Do When You Can't Pay For Your Kids' College | Episode 43

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Episode Synopsis

Unless you've been building up a college fund since your child was very young, you probably don't have the money to cover cost of tuition and room and board at some four year university or college. The average cost of tuition, fees, room and board for the typical four year college was $25,707 during the 2022 - 2023 school year, and that's the price for in-state students.The cost for out-of-state students averaged 43,421. Now, let's put this in perspective. The average US household income is 63,200. So it's little wonder that American parents really struggle with footing the bill for child's college education. And some can't afford to pay a single dollar for college costs.In this episode of the Quiet Wealth we will talk about what to do when you can't pay for your kids' college. Get ready to build & share the wealth, let's dive in.In this Episode: [00:00 - 07:16] • Welcome to the Quiet Wealth Podcast.• Why parents are struggling to prepare for your children's college.• Market bubbles and reasons college fees are so high right now.• Is college even worth paying for and should you consider the value that you're getting what you're paying for.• Have you tried googling "how to help your kid to pay for college?"[07:18 ] • As parents what can we do?• Student loans and why you just have to stay out of it. • Reasons not to pay for college. •  The decision to go to college should be theirs not yours.• College should not reflect the way to find themselves.• Don’t take loans for your kids college.   [15:34] • Things you can do to help them pay for college.   • Search for scholarships.• Consider tuition free colleges. • Review tuition costs at technical colleges or junior colleges. • Talk about other options with your child.• Parents can prepare their children to make very smart decisions.• Recap, See you on the next episode. Build Wealth |  Create Impact | Leave A Legacy  Episode Highlight:   "The most predictable thing in life is that it's unpredictable. And it's really a great life lesson for our kids to learn because life is not linear and it rarely goes as planned."  -Camilla JeffsHELP US OUT!Help us reach new listeners by leaving us a rating and review on Apple Podcasts and across other platforms! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it!Interested in learning more? Join my free Kids & Cash Masterclass! https://camillajeffs.com/kids-and-cash/ Follow us onhttps://www.facebook.com/steadystreaminvestmentshttps://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ===Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass! https://steadystreaminvestments.com/masterclass/ Follow us at https://www.facebook.com/steadystreaminvestments https://www.instagram.com/quietwealthcommunity/ https://www.tiktok.com/@quietwealth https://www.youtube.com/channel/UC2MFOVyPWo0XD0QVJxgDxbQ https://www.linkedin.com/company/steady-stream-investments

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