Best of the Week
Most Popular
1. Investing in a Bubble Mania Stock Market Trending Towards Financial Crisis 2.0 CRASH! - 9th Sep 21
2.Tech Stocks Bubble Valuations 2000 vs 2021 - 25th Sep 21
3.Stock Market FOMO Going into Crash Season - 8th Oct 21
4.Stock Market FOMO Hits September Brick Wall - Evergrande China's Lehman's Moment - 22nd Sep 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.How to Protect Your Self From a Stock Market CRASH / Bear Market? - 14th Oct 21
7.AI Stocks Portfolio Buying and Selling Levels Going Into Market Correction - 11th Oct 21
8.Why Silver Price Could Crash by 20%! - 5th Oct 21
9.Powell: Inflation Might Not Be Transitory, After All - 3rd Oct 21
10.Global Stock Markets Topped 60 Days Before the US Stocks Peaked - 23rd Sep 21
Last 7 days
Peloton 35% CRASH a Lesson of What Happens When One Over Pays for a Loss Making Growth Stock - 1st Dec 21
Stock Market Sentiment Speaks: I Fear For Retirees For The Next 20 Years - 1st Dec 21 t
Will the Anointed Finanical Experts Get It Wrong Again? - 1st Dec 21
Main Differences Between the UK and Canadian Gaming Markets - 1st Dec 21
Bitcoin Price TRIGGER for Accumulating Into Alt Coins for 2022 Price Explosion - 30th Nov 21
Omicron Covid Wave 4 Impact on Financial Markets - 30th Nov 21
Can You Hear It? That’s the Crowd Booing Gold’s Downturn - 30th Nov 21
Economic and Market Impacts of Omicron Strain Covid 4th Wave - 30th Nov 21
Stock Market Historical Trends Suggest A Strengthening Bullish Trend In December - 30th Nov 21
Crypto Market Analysis: What Trading Will Look Like in 2022 for Novice and Veteran Traders? - 30th Nov 21
Best Stocks for Investing to Profit form the Metaverse and Get Rich - 29th Nov 21
Should You Invest In Real Estate In 2021? - 29th Nov 21
Silver Long-term Trend Analysis - 28th Nov 21
Silver Mining Stocks Fundamentals - 28th Nov 21
Crude Oil Didn’t Like Thanksgiving Turkey This Year - 28th Nov 21
Sheffield First Snow Winter 2021 - Snowballs and Snowmen Fun - 28th Nov 21
Stock Market Investing LESSON - Buying Value - 27th Nov 21
Corsair MP600 NVME M.2 SSD 66% Performance Loss After 6 Months of Use - Benchmark Tests - 27th Nov 21
Stock Maket Trading Lesson - How to REALLY Trade Markets - 26th Nov 21
SILVER Price Trend Analysis - 26th Nov 21
Federal Reserve Asks Americans to Eat Soy “Meat” for Thanksgiving - 26th Nov 21
Is the S&P 500 Topping or Just Consolidating? - 26th Nov 21
Is a Bigger Drop in Gold Price Just Around the Corner? - 26th Nov 21
Financial Stocks ETF Sector XLF Pullback Sets Up A New $43.60 Upside Target - 26th Nov 21
A Couple of Things to Think About Before Buying Shares - 25th Nov 21
UK Best Fixed Rate Tariff Deal is to NOT FIX Gas and Electric Energy Tariffs During Winter 2021-22 - 25th Nov 21
Stock Market Begins it's Year End Seasonal Santa Rally - 24th Nov 21
How Silver Can Conquer $50+ in 2022 - 24th Nov 21
Stock Market Betting on Hawkish Fed - 24th Nov 21
Stock Market Elliott Wave Trend Forecast - 24th Nov 21
Your once-a-year All-Access Financial Markets Analysis Pass - 24th Nov 21
Did Zillow’s $300 million flop prove me wrong? - 24th Nov 21
Now Malaysian Drivers Renew Their Kurnia Car Insurance Online With Fincrew.my - 24th Nov 21
Gold / Silver Ratio - 23rd Nov 21
Stock Market Sentiment Speaks: Can We Get To 5500SPX In 2022? But 4440SPX Comes First - 23rd Nov 21
A Month-to-month breakdown of how Much Money Individuals are Spending on Stocks - 23rd Nov 21
S&P 500: Rallying Tech Stocks vs. Plummeting Oil Stocks - 23rd Nov 21
Like the Latest Bond Flick, the US Dollar Has No Time to Die - 23rd Nov 21
Why BITCOIN NEW ALL TIME HIGH Changes EVERYTHING! - 22nd Nov 21
Cannabis ETF MJ Basing & Volatility Patterns - 22nd Nov 21
The Most Important Lesson Learned from this COVID Pandemic - 22nd Nov 21
Dow Stock Market Trend Analysis - 22nd Nov 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

How To Fund Your College Education Without Any Danger Of Going Broke

Personal_Finance / Student Finances Feb 10, 2021 - 06:06 PM GMT

By: Steve_Barker

Personal_Finance

Life after high school is not the end but merely the beginning of life encompassing more challenging encounters. In other words, college happens. Unlike what most movies and shows portray, university life is not exactly drunken parties, late-night gatherings, and irresponsible adulthood, at least not entirely.

As much as many of us want to spend college worrying solely about professors and focusing on self-discovery, reality has more things in store for incoming freshmen. The most common problem that college students encounter is their financial pool. Education, whether primary or secondary, is relatively expensive, and tertiary education is even more so.


Truthfully, students going broke after the first sem of college is no longer considered out of the ordinary. Parents who fund their child’s education also go through financial challenges to put their kids through college. However, many online discussions herein graduates teach freshmen regarding financial management to get through their college education.

We can all agree that money indeed, does not grow on trees. But for particular situations wherein we need to pay out considerable sums, wisely managing our expenses is crucial. Here are a few recommendations in funding your college education without the danger of going broke.

Plan Your Finances Early

It is never too early to start planning for the future. For parents, anticipate what is to come for your kids. Have lengthy discussions regarding budget plans for the present and future expenses. Allocate a budget for possible issues that you might encounter in the future that requires a sudden money expenditure such as immediate car or house repairs.

As a parent, learn to educate your child regarding student loans, savings accounts, and wise spending. College is a necessity that is not exactly easy on the wallet, so establish your priorities. Set financial goals for each year to accumulate the desired sum before the start of college.

Work Together

Children who have parents who can cover their entire college education expenses are lucky. However, parents and their children have to work together to manage all the necessary costs in most cases. As a parent, talk to your child about saving and summer jobs. Establish a specific plan that will allow both sides to help one another.

As a parent, as much as you would want to shoulder all of the college expenses, particular circumstances just won't allow it. There is no shame in asking for a little help, especially if you are aging with time. College is also the best time to teach your kids to be responsible enough to carry their future.

Letting adolescents work for their needs also gives them a sense of value for their money and possessions. Teach them the worth of hard work, patience, and determination when achieving their dreams. Summer jobs are a great way to instill discipline while making a decent amount for future benefits.

As growing adolescents, they need to be aware of such information on financial management. There are platforms such as Lendwise where students can borrow money to fund their graduate education. Instill in their young minds responsible spending and independent thinking when it comes to saving, borrowing, and lending money.

Be Objective With Your College Choices

Prestige universities are reputable institutions for providing the best quality of education. But first-class benefits will also come at a prestigious price. However, you can not ultimately say that public universities cannot offer the same quality education for a more affordable price. Many high-quality state colleges are also budget-friendly.

When choosing a school with your kids, insist on a college that suits your budget. Studying in affordable universities does not automatically translate to low-grade education. Examine multiple options while reviewing the school’s reputation and credibility. You want to be sure that you are not sacrificing your child’s education for a low price.

Try To Choose Local Universities

Local community colleges have lower costs compared to out-of-state universities. Not to mention, if your child decides to study in a different state, he or she would have extra expenses such as dorm rooms or apartments, separate bills to pay, and other costs that can be avoidable.

Students can also save on education costs by starting in a community college then transferring to a state university. Explore your available options and make wise decisions. Bargain for the best college education that your local community has to offer.

Establish Feasible Goals

It all boils down to how you want the result to become at the end of the day. Walking without a definite direction will get you and your hard work nowhere near you need to be. Before beginning your plans of action, establish a tangible goal with your kids. Whether it is financial, educational, or personal attainments.

Have a discussion with them regarding how college life should go for both of you. Make the necessary adjustments to accommodate financial concerns. A college education is not an easy expedition, but you will find that it is relatively more feasible with strategic techniques, primarily when you work together.

By Steve Barker

© 2021 Copyright Steve Barker - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in