Today’s fantastic family finance article is:
Failure To Get Into Private College To Be Most Financially Responsible Act Of 17-Year-Old’s Life
Here’s an April Fools Day story from The Onion that may be more truth than spoof.
Emily Harrison’s academic failure to get into USC saves her from a $370,000 financial disaster, loan repayment struggles, credit card debt, and crushed dreams of owning a home. Congratulations!
Seriously though, this comic story of spiraling college costs might be less tongue-in-cheek and more wits-at-end. Especially when you consider that a private college pedigree may not pack much of an extra pay punch.
So, be sure to do the math with your teen on that private college degree before submitting the application.
Unlike lucky Emily, your teen might just get accepted. Doh!
Get tomorrow’s tip here.
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