How to Encourage Your Child’s Heart Without College Debt

A mom posted this question in a Facebook group. “How do you encourage your kids to follow their heart but not into debt?!”

It’s a tough question. On one side, we want to be encouraging and tell our kids to live their dreams. On the other hand, we also envision them being able to afford a house, raise a family, and retire at a decent age. I know I would have a hard time seeing my child struggle in making a living.  

Here are some of the many comments the mom received from her Facebook post:

“It’s impossible.”

“I tell my kids, I don’t care what they do, but they have to be able to support themselves.”

“Passion doesn’t pay the bills.”

“Be very clear about the debt – not only will it impact his/her ability to buy a home in the future, but it also impacts his/her ability to retire. Ask if it’s worth working another five or more years when they are in their 60’s. Because the money they’ll be spending to pay back debt in their 20s and 30s would be money, they could have put towards retirement.”

“Debt isn’t evil. Debt with a plan is the only way some of our kids will get a college degree.”

A parent recently shared with me that she wished someone had coached her before her kids went to college. The parent ended up derailing their own retirement dreams to help out their child in college debt. The child lived at home for years to help offset the debt.

Here is how you can help your child balance their career dream and the financial impact it may have:

  1. Research, research, research the career. Too many kids think they want a particular job then a year or two after college they realize they hate it and don’t want it as a career
  2. Have them find out the annual salaries for the career they want. ONET Online is an excellent resource for this.
  3. Understand the projected growth for the career. Will there be more or fewer jobs in the future? Where are these jobs located?
  4. Determine where they can get the education and figure out the costs – room, board, meal plans, books, etc.

Once your child completes these steps they can then better determine if they still want to pursue their dream career.  Maybe they are willing to incur the debt and will set a clear plan of how they will pay it off.  One parent on Facebook suggested that kids Listen to Dave Ramsey’s Total Money Makeover or Chris Hogan’s Everyday Millionaire.

This is why it’s essential to help your child determine their career choices in sophomore and junior years of high school. You need the time to create a clear financial plan to get them to their ideal college. I suggest you work with a college financial planner that can help you with economic aspects like merit aid and scholarships.

What are your thoughts or ideas on this topic? Tell us in the comments below.

Contact me if you want to make sure your child is making the right career choice. I utilize a career assessment that matches a person’s interest directly to specific jobs. The jobs have been thoroughly researched on what it takes to be successful and what could derail success. Email me at laurie@myidealcollege.org.


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