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Insights

Lessons from Sending My Son to College

By: Chris Link, CFP®, CPA, Accredited’s Director of Tax Planning

“The Best Day” by George Strait played on the radio the day we brought our first born home from the hospital. Thinking back to that day, it felt like we had arrived at the college conversation all too quickly. Much like the moment when we were no longer a family of two, watching our fledgling jump from the nest raised emotions and introspection.

It began to feel ‘real’ one week before my son’s college departure date. A mix of excitement and anticipation came over me thinking about the opportunities that lie ahead, and pride for the person he’s grown into. At the same time, thoughts of not seeing him every day and knowing that we’d all be moving into a new normal created a sadness. “The Best Day” holds a different meaning now; and listening to it again the morning we dropped him at college helped shift my focus back onto his excitement for this new journey.

Before we could send our son off to college, we had to cross the bridge of finding the “perfect one,” agree as a couple how to fund this new expense, and communicate funding and expectations to our college freshman.

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Financial Aid Q&A – FAFSA Opens on October 1st

It seems as if students were just picking out notebooks and pencils to kick off the school year. Even so, soon it will be time for students attending college during the 2019-2020 school year to start thinking about financial aid. How could it be we are discussing financial aid for NEXT school year?

On October 1, 2018, the Free Application for Federal Student Aid (also known as FAFSA) opens for the 2019-2020 school year. The application is through the U.S. Department of Education and should at the very least be a consideration for college students each school year.

We provide some answers to relevant and important questions.

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