When it comes to college, parents make the same common mistakes as others every year costing them time, money, and opportunity.
A parent was telling me his story this morning of how he handled his first two children with their college process. He was lamenting about college transfers, changes in majors, extended terms, and extra costs.
He then stated the profound cause for it all-
"I just kept thinking that all the college stuff would be taken care of by others. Not until my 3rd child did I realize that I had to be involved and on top of my game."
Parents, you can stand on the sideline of a ballgame cheering on your child, but when it comes to college, you can't stand on the sideline! Rather, you need to be involved. You must know more about what you're buying than you do!
Just think, why do you have an inspection and appraisal done when buying a new home? Because you want to know better about what you're buying. Well then, why wouldn't you use the same approach in buying a college education?
You don't because you don't know how to, so you stand on the sidelines hoping it turns out ok. When it doesn't, you lament. Our parents don't stand on the sidelines hoping and lamenting. Rather, they have the tools to know better.
In buying a house, the bank is your "oversight committee" making sure you know what you're buying without overpaying market price. In buying a college education, we are your oversight committee making sure you know what you're buying and without overpaying market price!
We discuss this and much more on our educational webinars. Join us on my next webinar coming up shortly.