We were joined today by author, Ron Lieber to discuss his book The Price You Pay For College: An Entirely New Road Map for the Biggest Financial Decision Your Family Will Ever Make .

Sending a teenager to a flagship state university for four years of on-campus living costs more than $100,000 in many parts of the United States. Meanwhile, families of freshmen attending scores of selective private colleges will spend triple that―over $300,000. It’s a hard pill to swallow but the cost of college is probably the biggest expense that a family will incur over its lifetime. Add to this the effects of the COVID-19 crisis on incomes, and the stakes are even higher.

Ron Lieber is the author of THE PRICE YOU PAY FOR COLLEGE (Harper, 1/26/2021), and The Opposite of Spoiled. He is the “Your Money” columnist for the New York Times. Two of his books have been New York Times bestsellers, and he is a three-time winner of the Gerald Loeb award, business journalism’s highest honor. He lives in Brooklyn with his wife, New York Times reporter Jodi Kantor, and their two daughters.

For more on Ron, visit: https://ronlieber.com/

More about Houston Money Week visit: www.Houstonmoneyweek.org

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles: http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or www.moneymatterspodcast.com

#MoneyMattersHouston #ChristopherHensley #HoustonMoneyWeek @ronlieber

Affording college is a concern for many families.  Crystal Olivarria likes to educate families about the opportunity to pay for college using scholarships.  She raised over $70,000 from grants and scholarship to help pay for her own college education.  Since a college education is a large expense it is important that children spend time exploring career options in depth. How can you coach your children to make smart choices when it comes to the career paths they choose to follow. What is the right age and how do you approach this topic?

On today’s show we talked with Crystal Olivarria, Founder and CEO at CareerConversationalist.com 

To learn more about Crystal Olivarria visit:

www.careerconversationalist.com 

To learn more about Houston Money Week visit:

www.Houstonmoneyweek.org

http://www.cheatsheet.com/personal-finance/how-schools-can-improve-their-personal-finance-education.html/

Financial Advisor Magazine Articles:

http://www.fa-mag.com/news/advisors-stay-the-course-amid-monday-s-market-drop-22864.html?section=3 

http://www.fa-mag.com/news/on-it-s-80th-anniversaryadvisors-consider-social-security-s-impactfuture-22784.html?section=3

You can listen live by going to www.kpft.org and clicking on the HD3 tab.
You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

#KPFTHOUSTON

#HoustonMoneyWK

#Crystal70k

After graduating in 2012, Bobby Hoyt started his career as a high school band director in Texas. In addition to a shiny new diploma, he also came out of college with $40,000 in student loan debt. He still planned on buying a new car, a house he couldn’t really afford, and wanted to do all of the things that other Millennials his age were doing. Everyone has debt right?

He paid off $40,000 in student loans in less than 2 years on a teachers salary. Seriously!

We were joined by Financial Blogger, Bobby Hoyt. Bobby is a Blogger, Ex-Teacher, Wakeboarder and founder of Millennialmoneyman.com .

The cost of a higher education has more than doubled, when adjusted for inflation, since 1986.

Friday we were joined by Dean of Students at East Side University, Jackie Aguilera.  We discussed the cost of college for Houston and Texas. We also talked about best practices when applying for financial aid and scholarships.

Many people have the motivation and the desire to get a college degree but or limited by financial means. What if you you could get a college degree for a small fraction of what traditonal schools charge?

Today we were joined by President and Founder of University of the People, Shai Reshef.

Shai Reshef is President & Founder of University of the People, also known as “UoPeople”- and has been widely recognized for his work with UoPeople, including being named one of Fast Company’s 100 Most Creative People in Business; selected by OneWorld as one of its ‘People of 2009;' awarded an Ashoka fellowship; joined UN-GAID as a High-level Adviser; granted membership in the Clinton Global Initiative; awarded an RSA Fellowship; selected by The Huffington Post as the Ultimate Game Changer in Education; nominated as one of Wired Magazine’s 50 People Changing the World; and selected as a Top Global Thinker by Foreign Policy Magazine.

An expert on the intersection of education and technology, Shai Reshef is an educational entrepreneur, with over 25 years of experience in the international education market.  Shai has spoken internationally at numerous conferences including the Clinton Global Initiative; DLD: Digital, Life, Design; TED, World Economic Forum; EG5 Conference; Google’s Higher Education Summit. He has also lectured at Yale, Harvard, Stanford and Oxford, among others.

To find out more visit:

TED TALK - An Ultra Low Cost College Degree

The University of the People Website

Personal Finance Cheat Sheet Article:

http://www.cheatsheet.com/…/how-schools-can-improve-their-…/

You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

‪#‎KPFT #ShaiReshef #UoPeople

When your child has picked a school and decided they want to go to college the next step is paying for it. After we get over the sticker shock that is the current cost of college tuition we most figure out where the funds to pay for school actually come from. Today we answer the question how do we pay for college.

Jackie Aguilera has over 20 years experience in adult education and curriculum development. She has taught literacy, college success courses, and workforce readiness skills development at UH Downtown, University of Houston, Houston Community College, and the Houston Center for Literacy. Currently, Jackie is the Literacy Coordinator at East Side University, a community based learning center in Third Ward, and serves on the Houston Center for Literacy Advisory Board and on the adult education committees of Houston Money Week and the Alliance for Economic Inclusion.

You can find out more about Jackie Aguilera and East Side University by visiting the website at:

www.esuvclc.org

You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

‪@kpft @houstonmoneywk

For many college-bound students, the end of January means wrapping up applications and waiting to hear back.

But getting into college is one thing. Paying for it another. Just as students talked with guidance counselors about finding the right schools to apply to, families may turn to help about figuring out which schools make fiscal sense.

Today we were joined live in the studio with Houston Hispanic Forum 1st VP, Fernando Gil to discuss the Career and Education Day coming up on February 14th, 2015. This is a free event for students from grade 6-12 & their parents.

• Free Childcare and Lunch
• Career Paths (HB5 Endorsements-Based)
• Obtain Admisision & Financial Assitance
• Bilingual Representatives
• Middle School Track
• PArent Track
• And Much, Much More.....

You can register for the event at:

www.Hispanic-Forum.org

 http://hispanic-forum.org/events/ced/

You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

‪#‎kpft 

Is that fancy, expensive college degree really worth the cost of several years of tuition, room and board and books? Everyone knows that the cost of education is skyrocketing, but the answer is still YES!

Wondering which colleges have the best ROI? Return on investment is the “financial return” from any investment of money, or in this case, the income amount above and beyond what a high school graduate would make. The investment is the cost of that degree, on average, minus the average student financial aid at each college.

As a general rule, college IS worth the investment, not only in terms of increased incomes, but also for job security and happiness. But not all colleges (or degrees) are made equally in this sense. Some colleges, such as private schools, generally cost twice as much as in-state public schools. Some colleges have a closer network of alumni which may help in job prospects, while others have really high graduation rates.

Want to see how Texas college compare on ROI and graduation rates? You might be surprised!

Source- Payscale.com (2014)

2013 Costs= The total cost to attend that school (tuition, room and board, books and supplies) weighted for the length of time it takes most students to graduate with a bachelor’s degree.

Net ROI= The total income that a graduate will earn after graduation in 20 years of working, minus both what they would have earned as a high school graduate and the cost of college (tuition, room and board, books and supplies), minus the average financial aid amount awarded to students at that school if that filter has been selected. It is their net earnings in 20 years as a college graduate.

Some interesting things to point out:

Average Texas college graduation rate is about 50%. TSU and UT-San Antonio have horrible grad rates at 12% and 28%, respectively.

Not surprisingly, Texas A&M has the highest ROI rate. It graduates a lot of engineers and boasts a strong Aggie network.

Others in the top ROI rate include: Prairie View A&M, UT, Texas Tech, Texas Women’s University, UT Dallas, and University of Houston.

Colleges that round out the bottom of that list are St. Edwards, University of Mary Hardin Baylor, Southwestern University, Abilene Christian University and TSU. The first three don’t even have a positive return on the financial costs!

Obviously, one chart with a couple of metric is not enough to judge an entire college and its programs, but parents and college-bound students should keep these numbers in mind when picking colleges and trying to save for the expenses.

  By Jolyn Brand

Of the nearly 20 million Americans who attend college each year, about 12 million borrow, according to the Almanac of Higher Education. Estimates show that the average four-year graduate accumulates $26,000 to $29, in loans, and some leave college with six figures worth of debt.

Today we were joined by speaker and College Planning expert Jolyn Brand. Jolyn's company Brand College Consulting helps families figure out there best options when it comes to getting into a school and coming up with the funds to pay for college tuition.

To learn more about Jolyn you can visit her website:

WWW.brandcollegeconsulting.com

You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters

or

www.moneymatterspodcast.com

On todays show we discuss the topic how to save for college without going broke. We were joined by author Reecy Aresty.

For over three decades, Reecy has been pioneering a topic of immense concern to millions of families.  He takes great pride ensuring that students obtain that all-important edge at application time and helps parents employ legal strategies to pay less than they ever dreamed possible.  He’s the author of, How To Pay For College Without Going Broke, arguably the most revealing book ever written on college admissions & financial aid.  The only book of its kind available in Spanish, it is a virtual guide that takes families on a journey from the first day of 9^th grade, up to and including going off to college. 

Founder and President of Payless For College, Inc., in Boca Raton, FL, and with clients on three continents, he has been presenting free seminars for years primarily in Florida, New England, the  San Francisco area, and has a coast-to-coast presence.  

Reecy and his book have received critical acclaim from parents, students, and the media all across America.  Guidance counselors, admissions experts, and college funding professionals have all used How To Pay For College Without Going Broke as a guide to enhance their practice.

To learn more about the book you can visit:



www.paylessforcollege.com

You can listen live by going to www.kpft.org and clicking on the HD3 tab. You can also listen to this episode and others by podcast at:

http://directory.libsyn.com/shows/view/id/moneymatters