What if the best graduation gift wasn’t a new car, but a plan that helps your child leave college with less debt and more opportunity?
In this episode of The Heart of Money Podcast, Austin Black and Bob Wessler discuss one of the biggest financial challenges facing families today: paying for college.
Austin and Bob share their personal experiences with college savings and break down some of the most common tools available to families, including 529 Plans and Education Savings Accounts (ESAs). They discuss the advantages, limitations, and flexibility of each option while highlighting the importance of starting early and remaining consistent.
The conversation also explores the value of scholarships, educational discounts, and strategic planning. One of the biggest takeaways is that many families leave money on the table simply because they fail to apply for scholarships they assume they won’t qualify for.
While no college funding strategy is perfect, having a plan can dramatically reduce the financial burden of higher education and create more opportunities for your children in the future.
Whether you’re saving for a newborn or preparing for an upcoming graduation, this episode will help you better understand the options available and the steps you can take today to make college more affordable tomorrow.
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