In today's episode, especially for families who don't have unlimited money, I urge parents to make an educated guess on how their child will fare financially after they graduate from college.
What are their hopes/dreams/aspirations?
You don't need an exact answer, but you should try to get in the ballpark.
Has your child dreamed of working for Goldman Sachs their entire life and shown the work ethic and aptitude to land such a job?
Or
Do they seem content to be a middle school special education teacher for 30 years in the local school district?
With the cost of education spiraling out of control, it's more important than ever to try to match the cost of college with the ability to pay for it.
Generally speaking, there are 4 different "cost" categories to consider:
Which one of these paths is your child leaning toward?
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PrepWell Academy's Founder, Phil Black, has spent a lifetime cracking the code on the world's most competitive programs: Yale University, Harvard Business School, Navy SEALs, Goldman Sachs, Entrepreneurship, Shark Tank (2X), etc.
Inside PrepWell Academy, Black teaches students everything they need to know about the college admissions process in a series of expertly-timed, 3-5-minute, weekly training videos starting in 9th grade and continuing through 12th grade [Note: this program can only be joined in 9th or 10th grade.