I came across an article in USA Today that probably resonates with many. "Debt hits a new high in 2018".*
Last year, college seniors graduated with a diploma, a well-paying job (hopefully), and an average student loan debt of $29,200, according to a new study by the Institute for College Access and Success.
Sleeping late, hanging out with friends, playing a soccer or lacrosse game, making it to the next level on your PlayStation/PS4—what else could a high school senior want to do this Sunday? –Fill out his/her FAFSA!
While I don’t think I’ve ever had a client ask me this question exactly, they sometimes come close.
We try not to think of college in these terms because, as a parent, you are usually looking for the very best education that you can afford without spending every last cent of your retirement savings to do it. Hiding money seems a little nefarious.