Making College Count: Calculating the Long-Term ROI of Your Education

Episode 41 • 15th May 2023 • Dollar Wise Podcast • HFM Investment Advisors, LLC

00:00:00 00:22:29

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Summary

College is one of the biggest investments a

family might make. But, most families jump in head first without understanding

the true cost of college or calculating the potential return on investment.

This episode is about how to make wise investment decisions when it comes to

your child’s education, the resources available to parents and students, and

alternative options besides college.

Tune into this episode to also learn:

What you should consider to narrow down a list of right-fit colleges for your child
Find out what college will really cost you
Alternative learning paths besides college

What we discussed

(00:37) What do college admissions companies do?

(04:36) Is college a wise investment?

(07:42) Signs college is not a right fit for your child

(14:04) Calculating the real cost of college

(18:27) Colleges with generous financial aid

3 Things To Remember

Before deciding if college is a wise investment, you first need to identify the purpose you want college to serve in your life and career. What skills are you trying to acquire? What career are you trying to get into? Answer these questions then work backwards.

College is not for everyone, there’s a reason only 50% of college students end up graduating. You can find gainful employment without college such as attending a trade program.