Borrow Smart, Repay Smart: Paying for College (Part 2 of 3)

Dear Borrow Smart Family,

Happy Monday! A few weeks ago I shared with you Part 1 of Paying for a College Education; see my previous post here.

We know that tuition costs can be prohibitively high; they have risen roughly 5% year over year, for the last ten years. As a parent, I wanted to record this to help other parents or future parents, begin the planning process of helping your children to afford a college education. The first step to really beginning the conversation, is to decide as a family what you plan to contribute. Do you know what college you’d like your child to attend? If so, you have the ability to reverse-engineer your savings plan, which ultimately involves big-picture budgeting, including your home mortgage.

in my below video, I show you how to begin the planning process, including how to leverage a free online tool from CollegeBoard to identify what your college savings plan could look like.

I wish you all the best!


About Trevor Hammond

Since 1998, Trevor Hammond has helped thousands of families finance their homes and make smart decisions when it comes to their personal finances. Now, as a sought-after mortgage advisor, coach, speaker, and author, Trevor Hammond continues to focus on helping people enjoy more money, less stress, and more life. As the co-author of Borrow Smart, Repay Smart and his 2018 follow up book, Mortgages, Money and Life, Trevor has created unique financial coaching programs and spoken in front of thousands of people on his book concepts ranging from improving cash flow and savings, managing liabilities, to advanced real estate financing strategies for homeowners. His passion for providing financial education and his ability to innovate unique processes that help both clients and originators excel, has led Trevor to become a top producer and build a #1 branch in the country for mortgage lending company Sierra Pacific Mortgage. Whether Trevor is speaking to hundreds of people from the stage, working on his next book or mentoring a Loan Officer one-on-one as a High Trust™ Leader, he is pursuing his greatest passion of all: Coaching.
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