If you have one or more kids that are approaching the time when they fly the nest, you’re either involved in this in some way or likely will be.
I’ve hammered on this nail many times, but I’m going to do it again today, because right about now is when decisions have to be made about next year and bad decisions here can cripple or even economically destroy a young adult.
This is not overstating the case folks.
In the 1970s and early 80s you could spin pizzas or wash cars and put yourself through school, and many people did. Today that is nearly impossible, and a big part of the reason is that schools have gotten predatory and treat young adults not as a mission but as a revenue source to be extracted from to the maximum possible extent.
I look at balance sheets literally all day long. Guess what: So do colleges, and the balance sheets they’re looking at are yours, having essentially forced your disclosure through the FAFSA. Continue reading