A student loan expert shares tips on talking about college costs with your kids. Story from CollegeAveLoans
Leslie Tayne is a financial attorney specializing in debt and student loans. She isn’t immune to the stress that comes with paying for college, but she does have a secret weapon that has helped her and her family address financial issues head-on: She’s been talking to her kids about college costs since they were in middle school.
According to a recent survey by College Ave Student Loans conducted by Barnes & Noble College Insights, 85% of parents agreed that they should help their child pay for college. However, 68% of parents expect their child to help pay for college. In addition, a conversation about financing college costs can be a great way to touch on other important financial topics at the same time. For example, parents can take the opportunity to discuss how their child will budget for their daily expenses or set expectations about whether they expect their child to get a job during the school year, during the summer or both.
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