*This is a guest post by S.Alex*
Parents have more choices now when it comes to schooling their children. Many mom’s have decided to stay at home and teach their children themselves. They do this for a variety of reasons, but it is not easy to do in the least. As the different school boards in each state raise the bar for education, the rules constantly change. Intervention strategies have become a large part of education now, so they can identify children who are struggling with their studies.
As kids reach the more senior grades of their pre-college school career, more emphasis is put on college level lessons to prepare them for the rigorous curriculum they will have when they get to college. Whether they earn a scholarship, their parents pay for it or the students work their way through it, in today’s job market you have to have a degree to get anywhere. Preparing your kids for this is certainly not easy.
The exorbitant costs of college are making it more and more difficult for kids to be able to go to college. The student debt crisis is over $51 billion dollars, with the interest rates about to double on the first of July. Finding scholarships can be challenging for everyone. Therefore, even if you find a scholarship to help pay the costs, living expenses are high. Because of this, kids should find the best credit cards to apply for based on their specific means- preferably an undergraduate-friendly card that’s more lenient on younger adults.
Many minority kids are able to find scholarships specifically for them, but not everyone has that luxury. The competition for scholarships is amazingly high no matter what ethnic minority you come from. Parents are struggling to help foot the bills, which is not easy in today’s economy. As a parent, I know that without a college education, my kids will go nowhere fast.
If you are smart, you will start a college fund for your kids the day they are born. You don’t have to put a lot into it, just make sure that the account will make money over the years. It probably still won’t cover everything, but it will take care of the major portions of the tuition and that is a big help indeed. Talk to your banker about what is the best way to begin a college fund and what kind of account it best. They are more than willing to answer all of your questions. After all, that is what they are there for.
Even with a college education, finding a job is not easy. There are tons of applicants and just as many of them have the same education as you. Picking a major that isn’t already overrun with people is difficult. You literally have to gauge the job market and try to predict what will be the next major occupation hiring by the time you have your degree. This is not an easy task to do, but with some work you can show your children that hard work will lead to great jobs and success.