Health & Fitness
Parents you ready for college? 529 Plan is a start but there is more....
Parents can help their kids in get into the right college, and may help open many doors.
South Windsor, Glastonbury and Ellington each have great school systems. For you this could mean that your children may apply to better colleges in the future, which can get expensive. It’s estimated that a $20,000 a year college today will cost me around $250,000 to send my 5 year old when she’s ready for college. In prospective that‘s $100,000 more than my first condo.
Most parents want to give their children the best opportunity for success, and getting into the right college may help open many doors. Getting accepted may not be the hardest part of college anymore, affording it will be.
Both you and your child need to start preparing for college early. That means setting goals, staying focused, and tackling a few key milestones along the way.
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It’s never too late to start a 529 plan; consider it a 401k for your child’s future. Have your child invest with you, teach them about the market and about the value of money. When it’s their money and they know it, they will treat it a lot different and have a real connection.
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The road to college begins even before high school. Tips for success:
1. Start by helping your elementary and middle school children develop a love for learning.
2. Encourage good study habits.
3. Prospective students should be well rounded, encourage your child to engage in extracurricular activities: such as sports, music, art, community service, and social clubs. Give back to their community.
4. Practice tests; enroll them in a PSAT course. Also known as the National Merit Scholarship Qualifying Test (NMSQT).
5. Help them become a leader. Top colleges look for applicants who are future leaders. Encourage your child to take a leadership role.
6. Once your child has decided which schools to apply for, make sure you keep on top of deadlines. Applying early can increase your student’s chance of acceptance.
7. Talk to your child about living away from home. Teaching them early the value of saving money. This will help make sure he or she knows how to manage money wisely and pay bills on time when they’re on their own.
For more infomation click here
http://www.mundofs.com/resource-center/lifestyle/countdown-to-college
