Generation Z – Money & College

July 2017 Newsletter

Generation Z – Money & College


Yeah! It’s finally summer. I hope you enjoyed time with family and friends over the 4th. But summer isn’t just time to vacation.

Rising seniors, you are now a mere month away from college application time and 3 months away from financial aid application time. The next few months are key for finalizing that college list. This month’s Senior Scoop offers productive tips for how rising seniors should spend this summer before their senior year.

Kids graduating from college now and their younger siblings are Generation Z. Researchers are finding that they have a different attitude towards money and college than the millennials before them and their Gen X parents. Check out this month’s Featured Find for some fun data indicating that Gen Zers are the least willing to take on debt to pay for college. At Westface College Planning  we see the same trend. Often today’s parents are more willing to take on their students’ debt than the students themselves.

Summer is the perfect time to set the early stages of your college financial plan in motion. At Westface College Planning we can help. Sign up for the Back-to-School webinar or give us a call today!

  5d778bb1-f525-4d34-87e8-a657bf474f40All the best,
  Beatrice Schultz, CFP®
  Westface College Planning 
  WA: (360) 818-7728 | CA: (650) 587-1517 
  1498 SE Tech Center Place, Ste 385
  Vancouver, WA 98683

 

Featured Find

Research Shows How Generation Z Thinks Differently Then Millennials When It Comes To Money

You’ve heard all about how millennials manage money, as well as career and financial decisions.

But what about their kid brothers and sisters? It turns out research suggests Generation Z isn’t as freaked out by adulting as were previous generations, especially when it comes to money.

That’s right: Younger Americans are not only squirreling away money they earn from their after-school jobs, they’re also already planning for retirement.

Debates rage about when the Millennial generation ends and Gen Z begins, but Jason Dorsey, president of the Center for Generational Kinetics, a consulting firm, says Gen Z includes anyone who can’t remember 9/11 happening or those born after about 1996.

For 20-year-old Eryn McIntyre of Pembroke Pines, Florida, being careful with money has been vital to her long-term financial survival, especially when it came to choosing where to study after high school: “When it came to deciding on college, I purposely chose a school that would not leave me in debt when I graduated,” she told Mic .

[Continue Reading Article Here…]


How to Survive Paying for College Workshops & Webinars

Seating may be limited – Register to ensure your spot!

Most parents are not financially prepared to enter the most expensive time period of their lives: covering their child’s college education.

Our 1-hour workshops provide steps you can take right now to assure you understand the cost of attendance and how you can afford college without jeopardizing your retirement.

Our upcoming event is:

Senior Scoop

College-Bound Rising Seniors Need to Use their Summer Productively

The summer before senior year of high school needs to be a productive few months for college-bound students.

It should be a time for pursuing academic and extracurricular interests that bolster college applications.

It’s the last chance to impress admissions officers, so you want your teens engaged in something meaningful in order to have the best chance at getting in and landing coveted scholarships.

As a college planner, I hear it from admissions officers over and over: Students who undertake meaningful summer experiences are much more likely to continue pursuing meaningful experiences in college.

Those students—the self-starters who “create memories” during the summer – are the ones admissions officers are looking for. The answer to the question, “How did you spend your summer vacation?” could make a big difference in a student’s future. Here’s some tips on how we recommend high school students spend the summer before their senior year:

1. Do What You Love

For the rising senior, summer is a time for growth. Having fun is allowed and even encouraged! So how can you have a summer that’s fun, but also meaningful and leads the kind of character development that colleges want?


About Westface College Planning

If you are a typical parent with college bound students, you’re probably overwhelmed by all the research necessary to help your sons and daughters make the right choices and prevent overpaying for their education.

You are not alone!

Get the facts. Educate yourself to potentially save tens of thousands of dollars on a single college education. Parents of more than one child heading to college in the next few years, can save even more.

At Westface College Planning, we work with families to help you plan for and navigate the “paying for college” process. We teach you how to minimize your out-of-pocket expenses, maximize financial aid eligibility, understand the best way to navigate through the college selection process and prioritize your sources of college funds to protect your life savings!

Sign up for a free workshop or webinar or call to schedule a complimentary college funding consultation today.

More information at WestfaceCollegePlanning.com.


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July 2017 Newsletter – Issue #69

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