“Strategies for Paying College Tuition” with Beth Probst
Beth is the founder and CEO of the At The Core program for launching High School students into College and helping them prepare for the coming life transition. Determining career aspirations, what courses of study will best support a given career?
- The cost of college: this could be made a broader conversation within the family, for example, discussions on the broader “cost” incurred by family. Such an approach can greatly prepare children on matters of money when they enter college and start living on their own.
- Without discussions about money – from the family level – there are no guards, no guidelines, and the child is not well positioned to handle finances/money at college level, whether in terms of negotiating fees and other axillary costs. As families, we need to guide our children on money and costs and how this interfaces with the choices we make whether in terms of which school, which career or which service(s) to consume.
Practical Tips for Families on Managing Cost of College:
- Embrace dual enrollment / dual credit program(s): this means doubling up both as a high school student and at the same time taking some college-level courses.
- A benefit to this approach is that it can reveal if one is ready for college-level coursework. So one earns both college and high school credits. In most cases, they are at a reduced cost or completely free. The only condition: pass the class.
- For every credit, the student can transfer the same to the college, reducing cost.
- AP Programs: if the goal is to save money in college, the AP class is an option.
- Take advantage of community college – which offers continuing education. This is a great option for the student who would like to find out how academically fit they are? It's an opportunity to test that.