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ratings:
Length:
22 minutes
Released:
Mar 17, 2018
Format:
Podcast episode

Description

Click for full show notes, exercises, and word-for-word scripts from this episodeWith the soaring cost of a university education these days, many parents wonder how they can get their teens free college tuition at a top school.To get answers, I sat down with academic strategist Jeannie Burlowski. This lady is like the Einstein of college finances.Seriously.Her day job (the one she works when she’s not writing books and speaking at conferences) is literally coaching college students to set extraordinarily high goals for themselves, and then strategizing to help them figure out the fastest, least expensive way to get to those goals.If your college student daughter wants to go to Johns Hopkins for med school and get a PhD at the same time, for example, your family might hire Jeannie to figure out all the steps to make that happen—with an emphasis on getting it all done as inexpensively as possible. Most often without scholarships.Because inexpensive is one of Jeannie’s primary focuses, she’s written a book specifically for parents of kids and teens who’ll one day be going to college: LAUNCH: How to get Your Kids Through College Debt Free and into Jobs They Love Afterward.LAUNCH has become one of the most well-respected books on this subject (it’s the go-to reference book for financial planners and college consultants) because Jeannie isn’t just about doing college cheap, she’s about doing it debt-free and so effectively that it results in a great, satisfying career after college is over.So, when it comes to landing a free college diploma for your teen, she kiiiiinda knows what she’s talking about.Avoiding Undergraduate Student LoansIn her grad school and medical school consulting practice, Jeannie’s seen students who graduated from four years of college with over $180,000 in student loans. This kind of debt is crippling.Her advice to parents is clear: DO EVERYTHING YOU CAN to help your kid avoid taking out undergraduate student loans. No matter your income level, if you strategize well enough early on, you can get your teen through four years of undergrad without borrowing a dime.During her 23 years working as an academic strategist, she’s developed some extremely creative strategies to bring the cost of REAL, high quality, high value college down, down, down, down...down to such a bargain basement level that even ordinary families can have it 100% paid for by two – four years after the kid graduates from high school.So What’s the Secret to Free College Tuition?Well, Jeannie says you need to be very careful here because the idea is to get your teen a GOOD education that leads to a real job after college. Landing your teen free college doesn’t do any good if the education he or she receives is sub-par.So she suggests that your goal should be to get your teen a debt-free college education, not necessarily 100% free college tuition.Um…what’s the difference?Jeannie explained it to me like this:“Everything you purchase that has high quality and high value has a cost. When you purchase something that can literally change a family’s life for generations, it’s going to have a significant cost. That just makes sense. But if you take a number of very strategic steps early on, you can completely sidestep paying the sticker price for college—even if your family makes too much to qualify for financial aid and your kid’s not getting any scholarships.”I was surprised to hear that there are tax breaks for parents of college students that can save them thousands. Who tells parents about this? Savvy parents are finding out about them in Jeannie’s book.In this episodeJeannie reveals a few of the trade secrets she has uncovered over the past 2+ decades. This is not hard stuff to apply and the benefits are astronomical.For example, teens often hear this about AP classes: “If you do well on the test at the end of an AP class, you’ll get college credit for that subject!”Really?Is that statement really true? In reality, less than half of teens who take
Released:
Mar 17, 2018
Format:
Podcast episode

Titles in the series (100)

Parent-teen researcher Andy Earle talks with various experts about the art and science of parenting teenagers. Find more at www.talkingtoteens.com