The world is rapidly changing and getting more complex. Education is more important than ever and the best education outcomes happen when students and parents are on the same sheet of music and work together.
Rising high school juniors are considering their college options right now. Have you had The Talk with them? Do they know how much you as a parent are prepared to contribute toward college costs? Have you jointly arrived at an agreement about who is going to do what money-wise?
Leaving your high school junior in the dark about money as they walk toward high school graduation and college will lead to frustration if you wait until next year to tell them your contribution will be limited. Each week that passes is another week that they invest emotionally in schools they are considering. If you let them know what to expect now, you are giving them the time needed to find scholarships for which they can apply and to look at other schools. We live in challenging economic times in which student loan interest rates have doubled and college competition has increased. The rising seniors in your house need all the information and support they can get.