Next time I ask one of my college-aged kids to fill my car with gas in exchange for borrowing it, I’ll think twice. The other day, one of my three (who shall remain nameless) had a minor scrape in my car by turning too sharply on the way home from filling my tank. What should have cost me about $75 in fuel—and saved me some time on my morning commute the next day—is now a $3000 problem, thanks to a few dents on the side of my car.
Award letter season is right around the corner. And with it, I’ve been thinking about what’s realistic for a family to contribute when paying for college—especially in this age of students suing parents for tuition.
My husband and I take an “oxygen mask” approach to our finances, i.e., we apply our own before assisting our children. In other words, if we couldn’t fund both equally, we’d allocate money to our retirement before our kids’ college tuitions, even if that meant not meeting the “expected” family contribution listed in an award letter.
You might dislike the idea of your parents thinking more about their own future than yours; however, it makes sense. Here are three reasons why.
In this season of Valentine’s Day, love is on the mind of many parents—especially if their kids are choosing a college based on where their boyfriend or girlfriend is going. These parents are freaking out, and I don’t blame them.
Plenty of lists on how NOT to choose your college usually include letting your heart make the choice. However, some emotion plays a part in almost every decision. If the emotion dominating your college choice is “love for a significant other,” though, remember to consider the following.
When the word “FAFSA” comes up among parents, there is normally a fair amount of eye rolling and sighing. “What a pain.” “It’s so confusing.” “Why bother—we probably won’t qualify.”
I agree that it can be a painful process; however, it’s an important one. If you and your family need help paying for college, you should maximize your financial aid chances, which the FAFSA lets you do.
So, clear your calendar and complete the FAFSA this week. I have some tips to help you get it done.
Are you considering renting an apartment or a house next fall? If so, you will need to consider a number of things—including how to convince your parents. This is especially true if you’ll need them to co-sign the lease.
I’ve signed a few leases myself for my son. And as a mom and a licensed real estate agent, I can tell you, you need to read the fine print! Here are nine things you may need to discuss with your parents before you sign.
The sprint between Thanksgiving and Christmas is quick. And for those college students who celebrated Thanksgivukkah, the gap between holidays this year was, well, no gap at all. This makes holiday gift buying a challenge.
If you still have gifts left to buy, you may feel challenged as to how to give creatively on a limited budget. The best gift to give your mom and dad this season is really just some of your time and conversation. But if you’ve bonded enough this year, here are a few other ideas.
This Thanksgiving, my daughter came home for the first time since she left for her freshman year. I was so glad to have a lot of time with her and so happy that she absolutely loves her college—even though it wasn’t her first choice.
I couldn’t help thinking just how different things were just about a year ago, when the news wasn’t nearly as good for her on the college front.
After moving off campus, my son quickly got tired of begging for rides to do his laundry and grocery shopping. (Riding his bike in 6 inches of snow got a little old as well.)
So, we recently sold him one of our family’s cars. And while I received a lovely road trip out of the transaction, I also got to endure something much less enjoyable: the tedious process of buying another used car.