In the book of Proverbs we read, “Blessed is the man who finds wisdom, the man who gains understanding, because wisdom is more profitable than silver and it has a better yield – a better return than gold.” Consider this scripture in light of college savings. As Christians, we should be careful about prioritizing our money, and college savings and planning ahead should be a part of that process. Many homeschool parents want their children to be able to attend a quality college, which is a pretty big financial commitment.
Opinions vary—even between Christian families—about college loans. Some financial advisors will tell you that there are only two times it’s appropriate to take out a loan: for a mortgage and for an education, because both will increase in value over time. Personally, I think it’s important to weigh your child’s likely income with a college degree against the cost of taking out loans. If your child is going to pursue a high-paying career like engineering, they will more likely be able to pay off their loans promptly than someone who graduates with a degree in journalism. Of course, that is not the only factor you should weigh in your decision, but it is an important one.
Matthew 6 says:
“Don’t worry saying to yourself ‘what shall we eat’, ‘what shall we drink’, [‘where shall we send our children to college’], ‘what are we going to wear’, [‘how are we going to afford the computer when they go to college’] because the pagans run after all these things, and your heavenly Father knows that you need them. But instead, seek first His kingdom and His righteousness and all these things will be given to you.”
Consider also the story in John 6 where Jesus feeds the five thousand:
“When Jesus looked up and saw a great crowd coming toward Him, he said to Philip ‘Where are we going to buy bread for all of these people to eat?’ But He asked this to test him, because He already had in mind what He was going to do. Philip said to Him, [‘Eight years of wages will not be enough to pay for one year of college.’]
“Another of His disciples, Andrew, Simon Peter’s brother, spoke up and said, “There’s a boy with five small barley loaves and two small fish, but how far is that to go [toward the huge price of college?’] Jesus said, ‘Have the people sit down.’ The people sat down on the grass and Jesus took the loaves and distributed those who were seated and he did the same with the fish.”
Jesus took what a small boy had to offer, multiplied it, and met the needs of those around him, even though his disciples didn’t think it was possible. As homeschool parents, we too often think things are impossible, especially things like affording college. But God knows our needs, and has plans for us. In fact, He loves our children even more than we do, so He will care for them. That doesn’t necessarily mean He’ll give us tons of money to pay for college, but it does mean that He will provide for our needs according to His plans. Trust Him, and choose not to worry!