Making College Count: Calculating the Long-Term ROI of Your Education

Summary College is one of the biggest investments afamily might make. But, most families jump in head first without understandingthe true cost of college or calculating the potential return on investment.This episode is about how to make wise investment decisions when it comes toyour child’s education, the resources available to parents and students, andalternative options besides college. Tune into this episode to also learn: What you should consider to narrow down a list of right-fit colleges for your child Find out what college will really cost youAlternative learning paths besides college  What we discussed(00:37) What do college admissions companies do?(04:36) Is college a wise investment? (07:42) Signs college is not a right fit for your child (14:04) Calculating the real cost of college(18:27) Colleges with generous financial aid  3 Things To Remember Before deciding if college is a wise investment, you first need to identify the purpose you want college to serve in your life and career. What skills are you trying to acquire? What career are you trying to get into? Answer these questions then work backwards. College is not for everyone, there’s a reason only 50% of college students end up graduating. You can find gainful employment without college such as attending a trade program. There are colleges like Georgetown that will cover a family’s full financial need through financial aid packages as long as the student is admitted. Useful LinksBest cost of college calculator (EFC calculator): https://finaid.org/calculators/finaidestimate/ Net price of college calculator: https://collegecost.ed.gov/net-price Connect with Donna Baines: LinkedIn | WebsiteConnect with Jason Gabrieli: [email protected] | LinkedInConnect with Tyler Reedman: LinkedIn Like what you’ve heard…Learn more about HFM HERESchedule time to speak with us HERECheck out our Financial Wellness Program – HFM Ignite