A&I Wealth Management > Blog > Financial Advice Services > Next Generation > Parents Who are Paying for College, Some Advice

How good it feels to help her get a good start in life!

Parents

Mike and Kate

Mike and Kate came to us having just turned 50. They had enrolled both of their sons in a local private high school that aligned with their values and goals for their sons. However, high school tuition cost more than they’d expected; their sensible money habits left them ineligible for much aid there. Now the money they’d set aside from the sale of a rental property was being depleted, and the boys hadn’t even started college yet!

Free

College Money Report

Learn about our process and how you can plan for and pay for the right college for your child. Learn how much colleges think you can afford, how much you can actually afford, and how much you can expect in financial aid, scholarships and more.

Paying for College

Without Robbing Retirement

We have lots of help paying for college, but only ourselves for retirement. We do not want to ever rob ourselves of a healthy retirement to provide our kids a chance at an expensive education. Instead, let’s look at the five sources of college funding for each family: Parent resources, parent loans, student resources, student loans, and every other source of funding.

Learn More

Podcasts

Listen to Cameron Morgan explain how to pay for college with a plan. In this two-part series, Cameron breaks down our approach to helping families get the most money they can from all possible sources. Learn how to talk with your kids about the expense, and much more!

Two-part podcast on paying for college: Part 1 and Part 2.

Cameron Morgan

College Expert

Next steps

Contact your financial advisor. On our team, we have a number of financial planners who specialize in helping our clients pay for college. Contact your financial advisor and ask for help!

Contact Us

Financial Planning Resources

Financial resources and services for Gen Z and for Millennials

Inheritance or Windfall

When you receive a large sum of money through inheritance or windfall, your financial planner will help you develop a custom financial plan that makes room for your short-term and […]

Life Transitions

Life transitions often come hand-in-hand with a sudden change in finances. Our processes improve outcomes.

Paying For College

Comprehensive resources for college planning. Our college planning process, videos, podcasts and free college money report.

Paying for weddings

Weddings can be one of the greatest joys of parenting, and they can also be expensive!

Real Estate Planning

We deliver advanced financial planning with our independent expert team.

Values Based Investments

Learn how we enable our diverse clients to invest with their values.

Women’s Wealth and Wellness

Women have unique financial needs in different life stages, from accumulating wealth to retiring, to widowhood.

Financial Planning Articles

For Millennials and for Generation Z
Array

Creating A Budget? Here’s What to Consider

Budgeting tips for generation Z and millennials.
Read More
Array

Financial Planning for Young Adults 

Financial planning advice for millennials and generation Z.
Read More
Array

FIRE: Financial Independence, Retire Early

Some young Americans are working toward FIRE, or Financial Independence, Retire Early. Go figure. Actually, retiring early requires a lot of...
Read More
Array

From Memories to Heirlooms: A 7-Step Guide to Legacy Storytelling

From Memories to Heirlooms: A 7-Step Guide to Legacy Storytelling Have you ever wished you could capture the wisdom and stories...
Read More
Array

Parents Who are Paying for College, Some Advice

Paying for college is expensive and difficult! Here are some tips to keep in mind.
Read More
Teaching Younger Generations Financial StewardshipArray

Seven Financial Planning Essentials for Millennials & Young Adults

Learn the seven steps that a millennial and other young adults should take to create and stick to a great financial...
Read More
Array

Ten Smart Money Habits for Millennials with FAQs

10 smart money habits for millennials starting out, with frequently asked questions and answers.
Read More
woman listening to podcastArray

Three Tips To Get Young Adults Excited To Invest

If you can get started now, you can build a great foundation of solid financial habits. Here are a few principles...
Read More
Financially Independent Retiring EarlyArray

Top 3 Tips for Millennials Building a Strong Financial Foundation

Three tips for millennials who want to build a strong financial future.
Read More
Array

You May Live to 100, says Stanford’s Map of Life

Financial planning for a long life. Explaining Stanfords map of life which shows that we may live to age 100.
Read More

How can we help?

Chat in-person during regular business hours or fill out the form!

    Unique and professional financial advice

    Our wealth management approach may be different from experiences you have had with other advisors.

    How A&I Might Help You

    Financial planning resources

    Learn some of the ways we communicate with, and educate our clients about, financial planning, investments and other important topics.

    View Latest Financial Planning Resources

    Join an event in-person or via Zoom

    We offer a broad array of events that broaden your knowledge and experiences.

    View All Events
    About the author

    Karl Frank, Certified Financial Planner ®, MSF, MBA, MA, is the President of A&I Financial Services LLC, a local business that specializes in wealth management, insurance planning, and retirement planning. Karl cares for business owners and the businesses that care for them. Learn More about Karl.