So I'm thumbing through my insidethevault newsletter from the regional Federal Reserve (slow afternoon), and I encounter a sea of questions and answers that most middle-school parents don't want to contemplate, much less those of us with elementary kids. However, we indeed must plan and act now for the practical result of ending the course of study at a select high school: college. I like the presentation of this publication, and it can be a helpful tool to use in orchestrating financial planning for the little darlings who may no appreciate exactly what it takes to send them here. You may want to remind them of your anxiety and responsibility the next time they complain about how difficult their lives are.
Here's another one, this time from the perspective of high school financial aid. We are quite fortunate at MUS to have such a robust ability to offer need-based financial aid, and while obviously not immune from the tumultuous investment environment, we weathered the storm. Still, MUS is expensive. All independent schools are. Therefore, the value of our unique product and services should be evident in support of your hard-earned money and your family's extra time expended on behalf of our rigorous requirements.
The significant financial investment into independent schooling as a percentage of a family's annual expenses is unprecedented. A specific, strategic financial plan is essential for at least the next decade if you have a student(s), not that you didn't already know this harsh reality, and as we seek opportunities to help explain and explore the available options, we'll pass along the best of what we find. We're all in this together.
