You may think that you have plenty of time to plan for college when your child is a high school freshman. But that is just not the case. The high school years have a tendency to fly by. So we wanted to share some college tips when your child is a high school freshman.
College Tip #1: Our first college tip for the high school freshman is to start a dialogue with your child about college. No, it’s not too early. In fact, we think that conversation should have already started. So if you have not opened the dialogue, now is the time begin. Start the conversation off slow. Maybe say, “I know you are just starting high school this upcoming year, but have you thought about college?” They may think it is too early to talk about college plans, but assure them it’s not. And it’s okay, if they do not have any specific plans. But it’s not okay to simply dismiss the conversation because you and they think it’s too early.
College Tip #2: Our second college tip for the high school freshman is to build a “Life Resume”. This is different than a job resume where we are recording work history, this is more like a journal of interests and activities. These life events will help your student see what they really enjoy and areas where they really excel. You can record sport activities, academic achievements, significant life achievements, community service, and much more. Make notes about specific classes that captured your student’s passion and even notes about classes that were a struggle. This “Life Resume” will help guide your student in choosing majors, colleges, and even life direction.
College Tip #3: Our third college tip for the high school freshman is more a tip for the parent. You need to assess where you stand financially. It’s never too early to start to think about the financial aspects of the college years. We believe that even the middle school years are not too early to start financially planning for the college years. Savings is where most people start, and sadly where most people end. But to prepare for the full weight of the college years, you may want to consider putting together a more holistic financial plan for college. We would recommend that you set down with your financial planner to put together a college funding plan that takes into account your entire investment portfolio. If you do not have a financial planner to assist you with such a plan, call our offices and you can come in for a free college planning consultation.