- #Awkward conversations about money audio download how to
- #Awkward conversations about money audio download series
They can realize long into the process that they're not able to afford to retire. They regret not setting expectations realistically, because then, especially if they're taking out loans to help their kid through, it can affect the rest of their lives. They regret not being open with their kids. that was really awkward and I should have avoided it." Parents regret not having this conversation. Melissa Korn: I've never heard a parent say, "Gosh, I wish I hadn't talked to my kid about how much we could afford. Whalen: Melissa, you've spoken with parents and families around the country who have been going through this process and have been faced with a financial burden of planning for college. Melissa, thank you so much for being with us. How and when should families consider a student taking on at least some of the costs themselves? Wall Street Journal reporter, Melissa Korn co-wrote the WSJ Guide to Student Loans and she's here to discuss how families can sit down and have the talk about paying for college. But for many of them, the financial burden of tuition and expenses is just too much. When it comes to paying for higher education, parents might feel like it's their responsibility to cover at least some portion of their child's college costs. Coming up, she'll be here to talk about how families can chart a financial plan. Whalen: WSJ reporter, Melissa Korn has written extensively about the cost of higher education.
Melissa Korn: Money is never an easy thing to discuss, but when you're making a financial decision this large, you can't pretend that it's not a factor in your decision.
#Awkward conversations about money audio download how to
Today, we start at square one with how families can have the talk about how to afford college. We're tackling student debt, how to think about it, manage it, and eventually repay it.
#Awkward conversations about money audio download series
All this week on the show, we've got a special series of conversations lined up for you. Tut there are a lot of other myths and misunderstandings about the cost of higher education out there and they can make figuring out how to pay for college harder than it needs to be. You've probably heard that Americans collectively hold 1.6 trillion dollars in federal student debt. Whalen: Here's Your Money Briefing from Monday April 25th. This version may not be in its final form and may be updated. This transcript was prepared by a transcription service.
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