AOA 062: Demystifying the Costs of Sending Kids to College – With Ann Garcia

“The experiences you have at college mean more than the college you attend.”

– Ann Garcia

Do you feel overwhelmed by the financial burden that comes with sending your kids to college?

Ann Garcia has helped thousands of families — including her own — save millions of dollars on college. Ann is the managing partner of Independent Progressive Advisors, a fee-only financial advisor, and the author of How to Pay for College. She’s a mom to twins who just graduated debt-free from their top-choice colleges.

Links (From the Show)

Show Notes (Find what’s most interesting to you!)

  • What is the value of a college education? [5:01]
  • How do we ensure we get the most out of the college investment we’re making with our kids? [10:19]
  • Kids having agency in the college search process. [12:49]
  • How much student debt is okay to have? [14:37]
  • What loans parents definitely want to avoid! [18:49]
  • Subsidized vs unsubsidized student loans explained. [23:53]
  • Understanding your financial aid package. [25:50]
  • How Ann set up an allowance with her family. [36:11]
  • Incredible lessons Ann’s son learned by making his own money early. [39:35]
  • Early money mistakes are low-stakes mistakes. [51:29]
  • College experiences are more important than the college itself. [56:13]
  • Ann’s online resources. [1:04:09]

If you liked this episode …

  • Check out the following podcast episodes with Pod Friends Ron Lieber and Pam Andrews to hear more about the financial aspects of sending kids to college:

Please Subscribe

If you like this podcast, then please give us a review and subscribe to the show. The Art of Allowance Podcast is available on iTunesSpotifyRadio Public and now Amazon Music. Subscribing is free, and it will help me produce more enriching content for you to enjoy. Thanks!

You might also want to check out The Art of Allowance Project, our reimagined program to get your children excited about money smarts at any age. Until next time, I wish you and your family well as you journey forth.

Thanks for listening!

John