Tom is joined again by Monica Felton, a College Financial Planner to talk about alternative ways to pay for college. They talk about the misconceptions of what the true cost of college is and the reality of funding options (many think there's a lot of money to get from the government and schools), but the reality is a lot worse. Tune in today to learn about alternative ways to fund your child's
Highlights
01:11 Monica's passion of making college more affordable
02:30 Understanding the true cost of college
05:19 Importance of saving and good grades for students
09:44 Effects of economic recession on college costs
13:16 Considering trade schools instead of college for certain career paths
16:19 Finding creative ways to make college affordable
19:49 Alternative ways to save for college
24:01 Limitations and risks of 529 plans
24:50 529 plans' impact on financial aid eligibility
26:25 Importance of access to liquid capital and flexibility in savings plans
27:47 Where to find Monica's book and follow her on social media for more college savings advice
Episode Resources
Call to Action
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