• EP 17: Busting College Funding Myths for First Gen Kids

  • May 15 2024
  • Duración: 29 m
  • Podcast

EP 17: Busting College Funding Myths for First Gen Kids

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  • Resumen

  • We lightly appreciate the spirit of this statement within certain immigrant communities: "My kids can study anything in college after they get the medical or engineering degrees out of the way."

    According to the IFS - Institute of Family Studies research, immigrant parents have even higher expectations that their kids will not only get their undergraduate degrees but will go on to get graduate and professional degrees.

    In other words, the kids are expected to attend college; ideally, it should be an Ivy League school. The question is, how do we pay for this education?

    In this episode, we discuss all the traditional possible ways immigrant and US-born families (we include the kids, too) can help pay for their kids' college. We also include other non-traditional options like studying abroad in the home country and other ideas.

    We briefly touch on how we funded our education on international student visas.

    We also delve into a question that's rarely asked, yet it's answered daily. "How do we approach the college choice as a family?"

    This episode is for you if you are a parent stressing about the whole college situation.

    In a future episode - we'll address how we approached the college choice and funding question with our kids.

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    The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.

    Be sure to join the conversation by visiting our page The International Money Cafe

    Or by following us on social media:-

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