Preparing Your Child For College
One in five college graduates say that they wish they studied harder in college, making it the highest ranking regret. Preparing your child for college can help get them into a good mindset so that they are truly ready for college, regardless of whether they’re studying art and design or science. It’s important that they make the most of the opportunities offered for the most success, and they also need to understand the financial side of college, such as how student loans work.
Teaching Them About Finances
The reality is that going to college can cost a lot of money. 70% of college graduates will leave with a significant amount of debt in the form of student loans, with the average being $37,172, so it’s important to teach your child how to manage their money so that weighed down by debt in the future. Student loans are a part of going to college, but teaching our children how to manage their student commitments can help to pay debts off quickly and focus on buying a home or a car, instead of spending years paying high interest rates. Learning about money can be done from an early age, and be sure to teach your child more than the basics so that they understand how loans work and what options are available.
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