College funding strategies parents ignore. If your buyers are asking how to afford tuition and a mortgage, this episode breaks down real-world college savings plans, FAFSA filing tips, and scholarship stacking strategies. Learn how one Texas family used student-athlete recruiting and a 529 savings plan to cut future student loans without derailing their homeownership goals.
Episode Overview
College funding strategies take center stage in this episode as Mike and his daughter Catey walk through the real-life steps they used to navigate scholarships, FAFSA planning, and long-term college savings. Catey shares her experience as a student-athlete, giving Realtors insight into how athletic recruiting actually works and why academic scholarship planning matters early. The episode explains how a 529 savings plan can reduce future debt and why so many families overlook smaller, local scholarships.
Mike also breaks down FAFSA filing tips, plus what every parent should know about tuition planning at private vs. state schools. For Realtors who get asked, “Should we save for college or buy a house first?” this conversation provides practical language for guiding clients through major financial decisions. With real examples and honest lessons learned, this episode equips real estate pros to support families navigating the balance between college costs and homeownership.
Key Takeaways
1. Start College Funding Early With a 529 Plan
A 529 savings plan remains one of the most reliable college funding strategies thanks to tax-free growth and compounding returns. Mike explains how even small monthly contributions add up, and how new 529 rollover rules help students build long-term retirement savings. Realtors can use this insight when clients ask how college planning affects future homebuying power. Early action creates flexibility instead of financial strain.
2. Academic Scholarships Are the Biggest Missed Opportunity
Catey’s story shows how academic scholarship guides and strong GPAs are a major cost-saver—especially at private schools. Many parents don’t realize freshman-year grades impact class rank and scholarship offers. When clients ask, “Where do we even start with college money?”, academic merit is often the most impactful answer. These scholarships can offset tuition without relying on athletic recruiting.
3. FAFSA Opens Doors—Even for Higher-Income Families
FAFSA planning is essential, not optional. Filing early opens access to grants, school-based aid, and student loan options that reduce long-term debt. Mike dispels the myth that "FAFSA won’t help higher earners" and explains why every family must submit it. This context helps Realtors answer questions like, “Will student loans limit our ability to buy a home later?”
4. Student-Athlete Recruiting Requires Realistic Expectations
Catey describes her path through D1, D2, D3, NAIA, and JUCO evaluations—and why recruiting requires consistent effort, highlight videos, and campus visits. Athletic scholarships aren’t guaranteed, so families need to understand the true landscape. Realtors supporting sports families can help them think through travel costs, schedules, and timelines that influence both college planning and future home decisions.
5. Local Scholarships and AI Tools Are the Secret Advantage
Mike explains why small local scholarships—often $500 to $2,500—are the easiest money families overlook. Catey highlights how Bold.org, Niche, and AI tools simplify the search and even help refine essays. For Realtors asked, “What else can we do to find college money quickly?”, these tools provide real direction. Small awards add up fast and meaningfully lower college costs.
Resources Mentioned in This Episode
Scholarship + Financial Aid Tools
FastWeb – Largest scholarship database; matches based on student profiles – https://www.fastweb.com
Scholarships.com – National + local scholarship search – https://www.scholarships.com
Bold.org – No-essay and competitive scholarships – https://bold.org
GoingMerry – Single application for multiple scholarships – https://www.goingmerry.com
Cappex – Great for juniors and early seniors – https://www.cappex.com
FAFSA – Required for federal aid, grants, loans – https://studentaid.gov
College Savings
T. Rowe Price / Alaska 529 – Mike’s preferred 529 plan – https://www.troweprice.com/personal-investing/ira/529.html
Texas 529 Plan – State-specific savings benefits – https://www.texascollegesavings.com
Student-Athlete Recruiting Tools
NCSA – Recruiting tools and athlete profiles – https://www.ncsasports.org
SportsRecruits – Video tools and coach messaging – https://sportsrecruits.com
Podcast + Mortgage Resources
Podcast Website – Access past episodes – https://www.thetexasrealestateandfinancepodcast.com
Mike’s Linktree – Mortgage tools & resources – https://linktr.ee/mikemillsmortgage
If this episode helped you understand college planning—and how to guide your clients through big financial decisions—be sure to subscribe, leave a quick rating, and share this episode with another Realtor or parent who needs it.
