Power Your Retirement

What Parents Regret Most About College Costs

Steve Smit

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For many parents, the dream of sending their kids to college comes with a heavy financial hangover. In this episode, Steve breaks down the surprising new research showing how college costs are derailing retirement goals, and why nearly half of parents say they’d rather talk about drugs and politics than tuition costs. Steve explains where families go wrong, from overextending themselves to skipping retirement contributions, and offers smarter strategies to help parents fund education without sabotaging their own future. 

Here’s some of what we discuss in this episode:

🏦 Skipping retirement savings to pay tuition backfires

🔄 How early planning eases the burden for everyone

🎓 Teaching kids responsibility with “skin in the game”

🛠️ Community college, trade schools & smarter alternatives

📈 Alternatives for flexible college savings

Citizens Financial Group’s 2024 College Planning Study:
https://investor.citizensbank.com/about-us/newsroom/latest-news/2025/2025-06-24.aspx  
 
Sallie Mae’s “How America Pays for College” Report:
https://www.salliemae.com/about/leading-research/how-america-pays-for-college/ 

Get your copy of Power Up Your 401K in our toolkit: https://keap.page/ngt919/toolkit.html

Follow along on YouTube: https://www.youtube.com/channel/UCEE5ZkDedYTsKzkh2UxQ9Sg

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