Planning for college is not just a financial challenge, it’s also very emotional—for both parents and their students. In the battle of dream schools and “the college experience” vs. the family budget, the latter is usually trampled. How badly? Recent stats show that Americans owe more than $1.7 Trillion in student loan debt. The costs are overwhelming, but it doesn’t have to be that way. Ann Garcia, a.k.a. “The College Financial Lady” and author of How to Pay for College, dispels some of the myths that can lead families to under-save or overspend on college. Listen and learn how to cut the costs, set expectations for your kids, and very importantly, why you can’t wait until your child’s senior year to start planning. Ann also shares the latest information with regards to student loan forgiveness.
