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Parents, Stop: Lessons in Letting Go

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Parenting a teenager can feel like balancing on a tightrope. On one side is the desire to protect and ensure their success; on the other is the need to let them grow, make mistakes, and learn independence. As the college years draw near, the stakes feel higher, and many parents instinctively lean toward controlling the process. But here’s the hard truth: if we don’t let go, our kids won’t be ready to thrive once they leave home.

Here are three big reminders for parents preparing their children for college and beyond:


1. Let Your Child Fail—and Grow From It

Failure isn’t a sign that you’ve done something wrong as a parent—it’s a normal, healthy part of growing up. Think back to when your child first learned to ride a bike. You probably ran alongside for the first few wobbly tries, but eventually you had to let go. They fell, maybe scraped a knee, and cried a little. But they also got back up, tried again, and learned to balance.

High school and college work the same way. A forgotten homework assignment, a missed curfew, or even a disappointing test score teaches lessons that no amount of parental reminding can replace. These small failures build resilience, time-management skills, and problem-solving abilities.

Tip for parents: Before rushing in to “fix” something for your child—pause. Ask yourself, what lesson might they learn if I step back? Sometimes the most loving thing you can do is let the mistake play out.


2. Guide—Don’t Micromanage

It’s natural to want to smooth the path for your child, especially when it comes to something as intimidating as the college process. But there’s a big difference between guiding and micromanaging.

  • Guiding looks like asking open-ended questions: “What do you like about this college?” or “How do you see yourself balancing school and a job?”
  • Micromanaging looks like filling out applications for them, rewriting their essays, or controlling their schedules down to the hour.

The problem with micromanagement is that it robs students of ownership. When they don’t have to make their own decisions—or deal with the consequences—they arrive at college underprepared for independence.

Tip for parents: Treat the college process as practice for adulthood. Encourage your student to set deadlines, make appointments, and do the research. Be a sounding board, not the driver.


3. Be Realistic About College Costs

Here’s a myth that stubbornly lingers: “If my child just works hard enough in the summer, they can pay for college.” That might have been true a generation or two ago, but it’s not today. The average cost of tuition, fees, and living expenses has far outpaced what a summer job—or even a part-time job during the school year—can cover.

Summer earnings are important, but they usually go toward books, transportation, or personal spending money—not tuition. Expecting your student to cover significant tuition costs alone will almost always lead to frustration.

Tip for parents: Have honest conversations about money early and often. Discuss what the family can contribute, what’s expected of the student, and how scholarships, grants, and financial aid fit into the picture. When everyone understands the financial reality, the college decision becomes much clearer.


Final Thought: Step Back So They Can Step Up

Parenting in the teen years is less about controlling outcomes and more about preparing your child for the next stage of life. By letting them fail (safely), guiding instead of micromanaging, and being open about the financial side of college, you’re setting them up for success far beyond the classroom.

It’s not always easy to loosen the reins—but remember, college isn’t just about academics. It’s about growing into an independent, capable adult. And that growth begins the moment you stop doing everything for them and start letting them do more on their own.

 

Hidden Costs of College Revealed

The Hidden Costs of College

What Families Often Overlook — Until It’s Too Late

When it comes to planning for college, most families brace themselves for the cost of tuition. But what often catches them off guard are the other expenses — the hidden costs that don’t always show up on the financial aid award letter but can make a significant impact on your college budget.

As college funding advisors, we’ve seen how easily these surprise costs can derail even the most well-planned college funding strategy. That’s why we’re using this month’s blog to highlight some of the most overlooked (but very real) expenses that show up during the college years. If you’re preparing to send a student off to college — or you’re already in the thick of it — this breakdown is for you.


1. Living Expenses: More Than Just a Dorm and a Meal Plan

Most families expect to pay for room and board — but what that actually includes can vary widely. Whether your student is living on-campus, moving off-campus, or switching living arrangements between academic years, housing costs can balloon quickly.

Here’s what often gets underestimated:

  • Off-campus rent (which may not include utilities or internet)

  • Takeout and restaurant food, especially without a structured meal plan

  • Transportation, including gas, car insurance, or rideshare expenses

  • Mobile phone and streaming bills

Even when schools provide an estimated cost of attendance, their numbers might not reflect your student’s lifestyle or actual choices — and they rarely overestimate. A sudden change in living arrangements mid-year can also throw off a carefully constructed budget.

Pro tip: Reevaluate housing plans each year and consult with a college funding advisor before making any big changes.


2. Direct Academic Costs: It’s Not Just Tuition

Tuition may be the headline cost, but it’s far from the only one. Many academic programs carry hidden fees that can sneak up on families:

  • Lab fees for science and engineering courses

  • Course materials, including online platforms or software licenses

  • Tutoring, especially if outside academic support is needed

Even students in general education classes may find extra charges attached. These can be manageable with a plan — but without one, they’re just another line item that adds financial stress.


3. Extracurricular Opportunities (and Their Price Tags)

Clubs, internships, study abroad programs, and other enrichment opportunities can be incredible — and expensive. These activities are often essential for building resumes and life experiences, but they come with costs like:

  • Program and travel expenses for study abroad

  • Membership dues for clubs and professional associations

  • Training or certification programs for career-specific development

Planning for these opportunities early on — even in broad strokes — helps ensure they’re part of the budget, not a financial emergency.


4. Unnecessary (But All-Too-Common) Expenses

Not all college costs are necessary — in fact, some of the most expensive ones are completely avoidable. Poor planning, lack of accountability, and lifestyle choices can drive up costs far beyond what’s needed. A few examples we see far too often:

  • Extra semesters due to changing majors, failed classes, or poor planning

  • Over-spending on entertainment or social activities, draining the budget

  • Unmanaged food expenses, especially for students with no meal plan

The national average for completing a bachelor’s degree has crept past four years — and every extra semester means another round of tuition, fees, and living costs.

A clear academic roadmap and structured budget can make all the difference.


Planning Ahead = Peace of Mind

College is a major investment — financially, emotionally, and personally. The good news? Many of these hidden costs are predictable when you know what to look for. That’s where we come in.

At Midwest College Planning, we help families understand the full financial picture — not just tuition, but all the variables that impact the bottom line. Whether you’re still in the early planning stages or already navigating college bills, we’re here to help you make smart, informed decisions that keep your goals on track.

Need guidance on your college financial plan? Let’s talk.

                                                                                 

Staying True to your Financial Plan

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By now many of our clients have figured out how to pay for college and in some cases have created a financial plan so that by the time the student graduates, 75% or more of the expenses have been paid.  How about you? Are you sticking with your plan?  Follow thru and accountability are essential for success.  Part of our service is to be that voice of reason to keep you on track.

When was the last time we reviewed your budget?  Time has a way of getting away and it is easy to procrastinate.  We are here to help. We will go over your numbers, check in on your retirement plans and in general catch up. Our goal is to develop a long-term relationship because as you know, clients are like family.  We want to see you succeed.

To schedule a budget review, policy update or in general catch up, email Lisa to schedule an appointment.