Properly planning for a college education has become one of the crucial decisions that could define the future of a young adult. This week on Grow Money Business, we’re joined by Brad Baldridge, a licensed financial planner, consultant for college funding, and main podcaster for the “Taming the High Cost of Education.” Brad assists families in preparing and saving for college by offering individualized planning services and insights on the most recent tax, cash flow, and academic strategies. Throughout the episode we discuss many important strategies for reducing the cost of college expenses.
[01:54] Background – Brad describes how he became interested in college planning and shares some thoughts on why it is so expensive.
[05:23] Sticker Price – Brad explains the evolution of sticker pricing and how it impacts college planning.
[21:24] Process – Brad walks us through his advising process on how he helps individuals apply, enroll, and select the best school for them.
[27:16] Strategies for Business Owners – Brad explains what company owners should know about planning and paying for their children’s college education.
[45:36] Common Mistakes – Brad outlines several common mistakes people make when planning for a future college education.
[50:22] Best Choice – Brad explains how to differentiate between applying to a college with a reputable financial aid office versus one that may not be as transparent.
[59:42] Taming the High Cost of College – Brad describes how his college funding company serves its clients.