How to Get Your Kids Through College Debt Free and Into Jobs They Love Afterward

For many parents, the thought of paying for their children's college education can be daunting. The cost of tuition and fees has been rising steadily for decades, and there's no sign of it slowing down. According to the College Board, the average cost of tuition and fees at a four-year public college has increased by more than 250% since 1985. At a four-year private college, the average cost has increased by more than 150%.

LAUNCH: How to Get Your Kids Through College Debt-Free and Into Jobs They Love Afterward

by Jeannie Burlowski

4.5 out of 5

Language	:	English
File size	:	7231 KB
Screen Reader	:	Supported
Print length	:	344 pages

FREE

This means that the average student graduating from college today has more than $30,000 in student loan debt. And that debt can have a significant impact on their financial future. Students with student loan debt are more likely to delay buying a home, getting married, and having children. They are also more likely to default on their loans, which can damage their credit and make it difficult to get a job.

So what can you do to help your kids avoid the burden of student loan debt? Here are a few tips:

• Start saving early. The sooner you start saving for your children's education, the more time your money will have to grow. Even small contributions can add up over time.
• Take advantage of tax-advantaged savings plans. There are several tax-advantaged savings plans that can be used to save for college, such as 529 plans and Coverdell ESAs.
• Encourage your children to get good grades and earn scholarships. Scholarships are a great way to reduce the cost of college. There are many different types of scholarships available, so it's important to start researching early.
• Help your children find a college that's a good fit for them, both academically and financially. Not all colleges are created equal. Some colleges are more expensive than others, and some offer more financial aid. It's important to find a college that your child can afford and that will provide them with the education they need to succeed.
• Encourage your children to work part-time while they're in college. Working part-time can help your children offset the cost of college and gain valuable work experience.
• Make sure your children understand the terms of their student loans. Before your children take out any student loans, make sure they understand the terms of the loans, including the interest rate, repayment period, and fees.

Getting your kids through college debt free is a challenge, but it's not impossible. By following these tips, you can help your children achieve their educational and career goals without the burden of student loan debt.

In addition to the tips above, here are a few other things you can do to help your kids get through college debt free:

• Encourage your children to explore careers that are in high demand. This will increase their chances of finding a job after graduation that pays well.
• Help your children develop a strong work ethic. This will help them succeed in college and in their careers.
• Teach your children the importance of financial responsibility. This will help them make good decisions about how to manage their money.
• Be there for your children throughout their college journey. They will need your support and encouragement along the way.

Getting your kids through college debt free is a big goal, but it's one that's worth striving for. By following these tips, you can help your children achieve their educational and career goals without the burden of student loan debt.

LAUNCH: How to Get Your Kids Through College Debt-Free and Into Jobs They Love Afterward

by Jeannie Burlowski

4.5 out of 5

Language	:	English
File size	:	7231 KB
Screen Reader	:	Supported
Print length	:	344 pages

FREE