Joyful Courage for Parenting Teens Eps 586: Revisiting college financial planning with Ann Garcia
Jun 30, 2025
Ann Garcia, a fee-only fiduciary advisor and author of 'How to Pay for College', shares her expertise in funding college education. She breaks down why college costs are soaring and offers alternative options. Listeners gain insights on budgeting, the importance of communication with teens about financial planning, and when it might be appropriate to consider student loans. Ann also discusses scholarship opportunities and navigating the FAFSA and CSS Profile to maximize financial aid, empowering families for a successful college journey.
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College Price Range and Discounts
- College offers a range of price points, including free options through community college and employer partnerships.
- High headline costs do not reflect net costs, as many colleges heavily discount tuition to attract students within budgets.
Market Forces Inflate Tuition
- College prices are driven by what the market will bear; colleges charge what people are willing to pay.
- The presence of many paying students fuels high tuition figures despite discounts available.
Have Budget Talks Early
- Shift the college conversation from where to go to why go and discuss budgets with your kids age-appropriately.
- Start with simple talks early and build up to financial details by high school to empower your child in choices.