DeepSummary
Bridget and Ryan are joined by Nina, an aspiring tooth fairy, as they learn about the different ways people pay for college, such as savings accounts, 529 plans, scholarships, and student loans. They visit an orientation day at Magic University, where various mystical creatures share their stories of how they're financing their education.
Nina, who initially thought she wouldn't be able to afford college, learns that she qualifies for financial aid, including grants, loans, and a scholarship from the university itself. Other students describe using a 529 plan, a grandmother's savings fund and scholarship, and taking out student loans to pay for their studies.
At the end, Bridget and Ryan attend Nina's graduation, where she delivers a speech about the importance of saving for the future and pursuing education, even when it seems unaffordable. The episode emphasizes the various options available for paying for college and the value of planning and saving early.
Key Episodes Takeaways
- There are various options for paying for college, including savings accounts, 529 plans, scholarships, grants, student loans, and financial aid from the college itself.
- Starting to save for college early, even with small amounts, can make a significant difference in affording the costs.
- Applying for financial aid through the FAFSA can open up opportunities for grants, loans, and other assistance.
- While student loans can help cover expenses, they should be carefully considered, as they can result in significant debt after graduation.
- Unexpected expenses may arise during college, and students may need to find additional sources of income or adjust their plans.
- Pursuing education and training beyond high school is an investment in one's future, and exploring various financing options can make it more attainable.
- Developing the skill of saving and financial planning from a young age can prepare individuals for future goals, such as paying for college.
- Colleges and universities often offer financial aid packages, scholarships, and discounts to help students afford their education.
Top Episodes Quotes
- “Sure, ill have some debt after all this, but who isnt in debt these days, bro?“ by Luis
- “Saving is a real skill. And sometimes you just gotta start with your first dollar found tucked under your pillow in exchange for a well cared for incisor.“ by Nina
- “Turns out my parents weren't able to save quite enough for my last semester, so I had to cover it with waitressing a little, but I got it done.“ by Inez
Entities
Concept
Company
Person
Episode Information
Million Bazillion
Marketplace
4/23/24
In this episode, Bridget and Ryan answer Aela’s question about college saving accounts and how they work with a special guest: an aspiring tooth fairy hoping to embark on her own college adventure! Together, they’ll learn all about the ways people save or pay for college: savings accounts, 529 plans, scholarships, and student loans during orientation day at Magic University. And they’ll meet some magical (and spooky) creatures along the way.
If your family is interested in learning more about ways to save for college, check out the page for this episode at our website. We’ve got discussion questions and tips for learning more!
This episode is sponsored by Greenlight. Start saving for college with up to 5% on Savings. Get one month free and an extra $10 when you sign up for Greenlight Infinity at greenlight.com/million.