Quote Of The Week: Consumers Are “Clueless” About College

blindfolded“Most teenagers apply to colleges blindly. This can lead to parents and their teenagers making financially disastrous decisions. It happens far too often. In fact, I can’t think of any other major purchase where consumers are in such a clueless position.”

Lynn O’Shaughnessy, “Three Tools to Cut The Cost of College,”  WealthManagement Magazine, May 22, 2016

O’Shaughnessy offers tips on how to cut the cost of college and make better college choices.

One of her most important pointers? Check the Net Price Calculator, which is available for each of your top college choices on their website.

The Net Price Calculator provides families with a “personalized estimate of what a particular school will cost after scholarships and grants,” says O’Shaughnessy. Checking the numbers first is a good idea; you may be encouraged to apply to a seemingly expensive school once you discover that the net cost is actually within your reach.

 

About Mari Adam

Mari Adam, Certified Financial Planner™ and President of Adam Financial Associates Inc, has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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