Heidi King – The High Stakes of College Planning for Parents

Emotional Balance Sheet with Paul Fenner

When is the right time to talk with your kids about planning for college? Why is finding the "right fit" school so critical, and what criteria do you use to choose it?

Heidi King has a front-row seat in helping parents guide their kids through the college planning process, especially regarding the tough emotional side. Heidi entered college advising after a mid-career change driven largely by not finding the resources her family needed as she went through the college planning journey with her two sons.

Three Key Takeaways

1. There are real costs to not finding the "right fit" school. Transferring schools can increase the cost of college by $14,000 - $24,000. With 38% of students ending up transferring, it's crucial to consider the 'right fit' before commencing.
2. It's essential to start early conversations about college expenses, financial affordability, and how much parents are willing to support their kids.
3. The 'right fit' includes evaluating academic, social, and financial aspects. Considering the learning style, competitiveness, experiential learning (academics), size, Greek life, sports, and location (social), along with the cost (financial), is critical to finding that perfect fit.

We also touch on why tuition costs have skyrocketed and how the college planning landscape has changed due to COVID-19. Whether you're a parent exploring college options with your high schooler or wondering when to begin having conversations with your middle schooler, there is something in this conversation for every parent and family.

Please enjoy my conversation with Heidi King.

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