Determining who will cover the college expenses and how an education at MSU will be paid for can be a tense conversation between a parent and college student. But that doesn’t mean it’s not a necessary one, says Rick Shipman, director of the Office of Financial Aid.
“One of the most important conversations that should be held prior to a student entering college is ‘The Money Talk’ with parents,” he says. “As uncomfortable as it might be, having the discussion before school starts will ensure a happy college experience for the entire family.”
Shipman advises parents to clearly convey to their students which expenses they will cover and the way in which they will cover them. Also, Shipman says, if a student is expected to help cover expenses, they must know how to go about it.
Hosted by Russ White.
Hear the Conversation 21:37 – 12.4 mb mp3