Check Out my New eBook — Pay Less For College!

Pay Less For CollegeJust in time for Spring Graduation, Pay Less For College is my college planning e-book that recently went live exclusively on

Written for parents of college-bound high school students, Pay Less For College is the written version of my popular college planning workshop that I give at local high schools each year. While the audience is primarily parents of high school-aged kids, the book is appropriate for anyone planning to help a student pay for college.

A six-step process

Pay Less For College is the six-step process or “Action Plan” that I take parents through as we try to figure out how we are going to pay for a college education without sacrificing their retirement goals or financial security along the way.

Anyone who has ever sent a child off to college knows how overwhelming the college planning experience can be. How much you actually pay for college will vary literally from school to school, family to family, and even student to student within the same family.

I often joke that by the time your youngest graduates from college you will have a pretty good idea how the system works. The only problem is that by then you’ve spent tens of thousands of dollars on college tuition and are only a few years away from your retirement. There won’t be any time for a do-over to correct any mistakes.

No magic bullet

Pay Less For College won’t give you a magic bullet to “millions of dollars” in scholarship opportunities or the “secret to a full ride”, but it will give you a framework from which to figure out a strategy to pay for college, determine which schools are the best financial fit for you and your student, and manage your college expenses more efficiently.

The key is planning

We’ve all heard about the astronomical amount of debt our kids are taking on to pay for college. According to The Project on Student Debt, the average Minnesota student graduates with nearly $30,000 in student loans. Across the nation, the total amount of student debt now exceeds $1 trillion.

The key to reducing the debt load for your student is planning. For example, many families let their student pick the school they wish to attend first, then they scramble to find ways to pay for it. A better approach may be to determine which schools are a good financial fit for you and your student, and then to choose a school that is the best academic fit from this list of schools you can afford. By planning ahead, parents can give their kids the education they deserve and need, while keeping student loans – and college expenses — at a more manageable level.

College planning is retirement planning

I didn’t write Pay Less For College to help students pay less for college. I wrote it to help you save more for retirement.

If you are a parent of a college-bound student, one of the biggest obstacles you face in your retirement planning are the college tuition bills you are about to pay. The $10,000 – $20,000 per year you are planning to chip in for your student’s education could go a long way towards your own financial security.

Think of it this way: your oldest child may be a junior or senior in high school now, but how old will you be when your youngest child graduates from college? Odds are, you will be less than 10 years away from retirement by the time your youngest walks across the stage at the University. In my case, I will be 64! Unfortunately, that doesn’t leave a lot of time to make up for lost ground on the retirement plan. One of the surest ways to cross the bridge to a confident retirement is to pay less for college. I hope this short e-book helps you do that.

Act now! Supplies are limited!

Well, not really. It is an e-book after all. However, free copies are available only for a limited time. From June 11-13 Pay Less For College will be available free for three days. Then it’s back to the kingly sum of $4.99. To download your free copy visit

No Kindle?

No problem. You don’t need to own a Kindle to enjoy Kindle books. Simply download the free Kindle app on your PC, smart phone or tablet. You can do that here:

If you enjoy the book, please leave a positive review on Amazon. If you have ideas for improvement, let me know by emailing me directly. Just Ask Mike.