Ep 254: College Costs: Navigating, Negotiating, and Knowing How Much To Spend

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Business

4.7 • 1.5K Ratings

🗓️ 24 February 2021

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

These days, it’s easy to spend $300,000 on four years of education. But what’s really “worth it”? How much should you be spending and where should you be negotiating? Ron Lieber, author of The Price You Pay For College breaks it all down for us. He tells us why college really costs so much, how to navigate the complexities of the financial aid system, and breaks down the best savings strategies. In Mailbag, we tackle questions on paying for college, establishing Roth IRAs for college students, and how to prioritize student loans vs. saving for retirement. In Thrive, the 5 financial moves you need to make now to get your high school senior ready for college. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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1:03.0	These days, sending a child away to a state university can cost over $100,000.
1:10.0	And at selective private colleges, it's easy to spend three times that on four years of education.
1:18.0	And if you've got two or three kids to put through college,
1:22.0	well, you may end up spending more to educate your children than you paid for your home.
1:28.0	Just think about that for a second.
1:30.0	The numbers are staggering.
1:31.0	And when you consider that the cost of education has risen at the same rate as the cost of health care and housing
1:39.0	and the need to fund our own retirement, frankly, it's all a little overwhelming.
	...

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