{"id":7490,"date":"2023-04-06T05:15:30","date_gmt":"2023-04-06T05:15:30","guid":{"rendered":"https:\/\/cfp.website-preview.xyz\/?p=7490"},"modified":"2023-12-07T18:13:40","modified_gmt":"2023-12-07T18:13:40","slug":"college-planning","status":"publish","type":"post","link":"https:\/\/collegefunding.com\/college-planning\/","title":{"rendered":"College Planning"},"content":{"rendered":"

In this post we will be discussing College Planning which should not be confused with College Funding. We at College Funding Professionals<\/a> consider College Planning to be a comprehensive overview of the entire process. It is a 30,00ft \/360 degree view of how you will be paying for college with many moving parts. Conversely, we view College Funding as the investment strategies, including loans, that you would use to pay for college. Similar to the College Funding<\/a> discussion, the conversation will be divided between early stage College Planning for \u201cPre-High School\u201d Parents and late stage planning for \u2018High School\u201d Parents.<\/p>\n

Pre-High School Parent<\/strong><\/h2>\n

So let\u2019s start with College Planning and how it pertains to Pre-High School parents. The biggest hurdle at this stage is simply just getting started. This might not seem like a major stumbling block but based on experience it\u2019s the most daunting hurdle to overcome. You might be asking yourself how could this be? Well unfortunately as human beings procrastination affects the far majority of us and planning for college is no different.<\/strong> It seems overly simplistic but forcing yourself to learn about college planning, specifically early stage funding, is half the battle.<\/p>\n

In our experience many families fall into the trap that is procrastination. Simply because the act of actually paying a college tuition bill is so far away. It\u2019s hard to convince yourself that its something that should warrant your immediate attention. If you have a newborn or toddler, its easy to get into the mindset of saying \u201cI know its important but hey we have so much time, lets look at college planning next month\u201d.<\/strong> Before you know it next month turns into the end of the year which turns into lets wait to after tax day next April. Cycle repeats and your newborn or toddler is in middle school and you still haven\u2019t started a plan. You will never get back the valuable time you lost where you could of been growing your college fund.<\/p>\n

There is never a perfect time so you just need to be disciplined and force yourself to do it. We have spoke to literally thousands of high school parents over the years. A great majority of them have told us they wish they started planning for college much earlier. When it comes to investing, time is one of the most precious commodities. The below video is an excellent case study.<\/strong><\/p>\n