In this episode, Shellee and Jason discuss:
- Figuring out how to afford college
- What is FAFSA and why is it important
- Things to know about college financing
- Interest rates
Key Takeaways:
- It is essential to figure out how to better finance your child’s college education so that they are not burdened financially. Encourage them to take advantage of programs and opportunities that are available to them as soon as they become aware of them.
- The Free Application for Federal Student Aid, or FAFSA, is one of the most important documents for students to understand in order to receive college funding. Filing a FAFSA will speed up the process and show you what financial aid is available if you decide to enroll in college.
- You need to be smart on how you finance your child in college and help your child recognize that there is a debt that must be repaid with interest.
- Your interest rate will be determined by how you repay your loans, which will be a small amount in comparison to the large loan that you are receiving. So it is more important to be involved in protecting your assets and aligning them for college than to be concerned about what interest rates will be in the coming years.
“Being smart certainly gives you an opportunity to do that 100% family contribution, and come out ahead of the game, and also have control over your financial destiny.” — Jason Henderson
About Jason Henderson: Jason has worked as Vice President, Head of Research and Development, Scientific Consultant, and Member of the Board of Directors for various chemical, technological and nutritional companies.
He grew up with a clear understanding of the importance of having control over one’s own financial situation, and the devastating effects of dependence on common market practices. This experience fostered a lifelong pursuit of financial independence.
Long before he became formally involved in financial education, however, Jason developed a love and talent for science. He graduated from BYU with a degree in Organic Chemistry, after which he was invited to attend Purdue University, where he earned his Ph.D. His research and thesis on nanotechnology were the geneses behind both remarkable growth and that subject in academics and industry, and of a new faculty for study of the subject of Purdue. He went on to do postdoctoral work with a Nobel Prize winner, Professor Robert H. Krebs, at the renowned California Institute of Technology.
Connect with Jason Henderson:
Email: jasonchem@gmail.com
Phone: 435-764-1451
Connect with Shellee Howard:
Website: https://collegereadyplan.com/
YouTube: https://www.youtube.com/channel/UCr_WodPHDfSWEbiPdsRDbyQ
Twitter: https://twitter.com/gocollegeready
Instagram: https://www.instagram.com/collegereadyplan/
Facebook: https://www.facebook.com/CollegeReadyPlan/
LinkedIn: https://www.linkedin.com/company/college-ready/
Email: shellee@collegereadyplan.com
Show notes by Podcastologist: Angelica Rayco.
Audio production by Turnkey Podcast Productions. You’re the expert. Your podcast will prove it.
