Talking about finances and paying for college may not always be easy but including the topic in college planning discussions from the start can help streamline the search process — benefiting both you and your child. As a parent, it may feel counterintuitive to limit your child as a result of something like the comprehensive cost of attendance for their dream college. That said, the costs of the college experience continue to rise, meaning more and more families are put in a precarious situation financially. In these situations, it’s important for students to put forth their best effort in attempting to find ways to minimize the cost associated with their dream degree program. For example, if a child knows they’re in an academic position to compete for various public and private scholarships, this can be a great way to fund the college experience to come. Just like grants, scholarships are gifts that do not need to be repaid. The high school guidance office, online search engines, and college search services can all be resources to help your child identify and pursue potential scholarship aid. Encouraging your child to seek out these financial aid options is a great way to start supporting them throughout this process. For more information about how to support them in other constructive ways, please see the infographic embedded alongside this post.
The Parent-Student Relationship In College Searches for more information on the college search process, be sure to check out the Encourage App