Mar 07 2024 34 mins
College debt can be a daunting obstacle for students and their families, but it doesn't have to be inevitable. In this episode of the Quiet Wealth Podcast, Camilla Jeffs is joined by Sharon Riddle to delve into actionable strategies that can help your college student graduate without the burden of debt.
The conversation kicks off with a crucial discussion on the importance of early preparation for college. Camilla and Sharon explore the benefits of starting to save early, understanding the true cost of college, and preparing students for the financial responsibilities they will face. They emphasize the significance of financial literacy and the role it plays in empowering students to make informed decisions about their education and future.
Sharon Riddle brings her expertise to the table as she talks about the advantages of hiring professional help for college applications. She explains how expert guidance can not only improve the chances of acceptance into desired colleges but also assist in navigating the complex world of financial aid. Sharon shares her insights on how to effectively negotiate financial aid packages to ensure that students receive the support they need.
The episode also covers the critical topic of applying for scholarships. Camilla and Sharon discuss various types of scholarships available and provide tips on how to increase the odds of winning them. They stress the importance of diligent research and tailored applications to maximize scholarship awards.
Don't let college debt dictate your student's future. Tune in to this episode of the Quiet Wealth Podcast to learn how you can support your child in achieving a debt-free graduation. Be sure to share this valuable resource with other parents and students in your network, and subscribe to the Quiet Wealth Podcast for more expert financial advice and inspiring success stories.
Episode Timeline:
• Approaches to evaluating colleges, including hiring a consultant and negotiating financial aid
• Financial aid, scholarships, and negotiating housing and tuition costs
• Comparison of on-campus and off-campus housing options and their financial implications
• Strategies for accessing scholarships during college, including merit-based opportunities
• Teaching budgeting skills to college students and the value of financial independence
• Negotiating financial aid packages with universities
Resources:
Debt Free Degree by Anthony O'Neal and Dave Ramsey - https://www.amazon.com/Debt-Free-Degree-Step-Step-Getting/dp/1942121113
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