Navigating Financial and Educational Planning for the New School Year

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As the new school year begins and kids head back to the classroom, it's the perfect time for families to reflect on their financial goals, especially when it comes to higher education. At Worley Erhart-Graves Financial Advisors, we recognize the importance of supporting families through these pivotal moments. Our dedication goes beyond financial planning; it’s about empowering families with the knowledge and tools to make confident decisions now—and in the future.

We are committed to helping families navigate the complexities of financial and educational planning. Our goal is to provide guidance and resources that enable you to support your children’s aspirations and ensure a solid financial footing for the future.

As children transition back to school and prepare for college, many parents find themselves navigating a complex landscape of costs, admissions, and planning. The rising expense of higher education and the intricate application process can feel overwhelming. Now is the time to start helping your high schoolers—not just academically, but also legally and financially.

Key Steps to Take Now:

  • Legal and Medical Preparedness: Once your child turns 18, parents no longer have automatic access to their medical or financial records. To stay prepared, consider helping your young adult execute documents like healthcare directives, HIPAA release, and general durable power of attorney. These are crucial in emergencies when quick decision-making is needed.

  • Review Insurance Coverage: Whether your child is attending college nearby or far away, double-check that their health, auto, and personal property insurances are adequate. Gaps in coverage can lead to unexpected expenses—being proactive can save you from surprises later.

  • Teach Financial Responsibility: College is often the first-time young adults handle their own budgets, bills, and credit. Sharing lessons on responsible spending, savings, and credit use now can set the foundation for healthy financial habits and prevent future stress.

  • Plan for College Costs: Families frequently ask how to afford college, find the best value, or minimize debt. A balanced approach—considering academic fit, personal goals, and financial strategies—can make college more affordable and manageable.

Upcoming Educational Event

To support your planning efforts, we’re hosting a special event on Wednesday, September 17, 2025, from 6:00 to 7:30 p.m., featuring national college search expert Cozy Wittman from College Inside Track. This session is designed to help families navigate the college search process with greater confidence. If your children or grandchildren are considering college, this is a fantastic opportunity to get informed and prepared.

This workshop is particularly valuable for parents of high school students in grades 9-11. Students are welcome to join with their parents or guardians. Sharing the right information at the right time can make all the difference in achieving educational goals.

RSVP by September 12, 2025. To reserve your spot for this important event, click HERE.