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 How to Prepare Your Child for the Financial Realities of Freshman Year

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RR Phantom

RR Phantom

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How to Prepare Your Child for the Financial Realities of Freshman Year Vide
PostSubject: How to Prepare Your Child for the Financial Realities of Freshman Year   How to Prepare Your Child for the Financial Realities of Freshman Year Icon_minitimeSat Aug 15, 2015 9:39 pm
Each year, roughly two-thirds of high school graduates matriculate to colleges and universities in the fall following commencement, according to the National Center for Education Statistics. And though a rite of passage enjoyed by an increasing number American families each year, having children leave the nest can be a difficult experience for all involved.

Perhaps that's why 41 percent of 2014 college freshmen chose schools within 50 miles of their homes, according to a UCLA study, while only 16 percent picked institutions over 500 miles away. College students, it seems, need their parents more than they'd like to let on.

Financial support is one of the biggest areas of need. With the cost of higher education at historical levels, the appeal of free laundry service and home-cooked meals is perhaps clearer than ever. Helping out this way is great, but there are additional steps you can take to truly prepare your child for the financial realities of both college life and the real world in ways his or her chosen school likely won't.

https://au.finance.yahoo.com/news/prepare-child-financial-realities-freshman-125500626.html
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