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

As a veteran of the mortgage industry, Trevor Hammond is the co-author of "Borrow Smart, Retire Rich," a Certified Mortgage Adviser and a founding Faculty Member and Contributor to the National Institute of Financial Education ( And he has provided thousands of homeowners with the clarity and confidence to make smarter decisions when it comes to their mortgages and money. In 2013 he launched an entirely new kind of mortgage company: Aspire Mortgage Group, which is committed to educating and empowering homeowners to increase savings, eliminate bad debt, and safely increase net worth. The specialized group of mortgage professionals at Aspire Mortgage Group have redefined what homeowners should expect from a mortgage company. To learn more about Trevor Hammond and our team of mortgage advisors please visit our website at or email Trevor directly: Aspire Mortgage is a Sierra Pacific Mortgage Partner.
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