Nearly 40% of college students do this and it increases college costs every time

EPISODE · Dec 2, 2024 · 28 MIN

Nearly 40% of college students do this and it increases college costs every time

from Financial Opportunities Uncovered: A Keeler & Nadler Family Wealth Podcast · host Andy Keeler

Did you know 38% of college students transfer to different schools?   When they do, the cost goes up, on average, $14,000 to eventually get that degree.   (And of that 38%, 46% of them will transfer again!)  So, choosing the right school the first time saves dollars but also saves worry and anxiety for both the student and parents.   Cozy Wittman of College Inside Track is back to join Andy for another valuable conversation about finding the right fit for your future college student.  Fit, according to Cozy, has multiple layers:  academic, social and financial fit.    As she likes to say, 'college is a match to be made not a prize to be won.'   She and Andy break down those layers of 'fit' for both parents and students and discuss ways to have family conversations around all three, too.   Plus, Cozy helps young students who might not have a clue what they want to major in.   She provides tools and assets to explore to help ease the anxiety around those decisions.   After all, 80% of college students change their majors so you want to make sure your young student is able to do that with relative ease, with no uptick in costs and with the overarching goal of staying in school.The opinions expressed in this program are for general informational purposes only and are not intended to provide specific advice or recommendations.It is only intended to provide education about finance, tax, retirement and related planning topics. To determine which investments or strategies may be appropriate for you, consult your financial, tax or legal advisor prior to implementing. Any past performance discussed during this program is no guarantee of future results.Any indices referenced for comparison are unmanaged and cannot be invested into directly. As always please remember investing involves risk and possible loss of principal capital; please seek advice from a licensed professional.Keeler & Nadler Family Wealth is a registered investment adviser. Advisory services are only offered to clients or prospective clients where Keeler & Nadler Family Wealth and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Keeler & Nadler Family Wealth unless a client service agreement is in place.

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Nearly 40% of college students do this and it increases college costs every time

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