Parents of high school seniors will soon be facing the reality of paying for college and for some this could be a scary prospect. Most parents want to help their kids avoid massive student loan debt upon graduation and even if you are not fully prepared to pay for college there are still ways to help your child even at this late date.
May is the time that many young adults are ready to venture into the world armed with a degree and hopefully soon a great job. With all of the excitement, financial matters are often forgotten which can be detrimental to their long term success. This is a critical time financially speaking for young adults.
Figuring out how to pay for college is no easy task. But the good news is, there are various options available when it comes to financial aid for undergraduate students.
At FORUM, we know the future is dependent on the youth of today. We believe it is extremely important to serve our younger credit union members to help them grow in all areas including education, community leadership, and business etiquette. That’s why we offer FORUM Foundation Scholarships and the Young Leaders Council.
In the next few weeks, several thousand college freshmen will be arriving on campus excited to start the next chapter in their life. An often overlooked aspect of this new life is the financial wisdom needed for this new found freed. Following are a few of the important tips your college aged children need to know.
If your son or daughter is heading to college this fall, both you and your child most likely have a lot on your mind – finances, meeting new people, choosing a major, and more. With all of these conversations happening, it’s a great time to talk with your child about the basics of budgeting, establishing credit, and opening a free checking account.
The rising cost of college and the mountain of student loan debt facing many college graduates have many parents concerned. Fortunately, there are ways to help your children leave school with less debt whether you are starting early or only have 12 weeks to go.
The first six months after graduation are a key time in a college grads financial life so whether you are the graduate or have a child graduating there are a few financial steps that can really improve the probability of having long term financial success. Learning these basic financial habits early in life will be a great foundation for future success.