Fewer than half of college students graduate. Right now, 37 million Americans have student debt, which has put off big life steps like getting married, buying a home, or starting a family. Still, many families see college as a given instead of having an open, honest discussion about it. In this episode of FPA LIVE, we welcome Ric Edelman, a three-time #1 Independent Financial Advisor and #1 New York Times bestselling author. He shares insights from his new book, The Truth About College: The Essential Guide for Parents and Teens. Ric points out the most common mistakes parents make without realizing it and shows how these choices can cost families tens of thousands, or even hundreds of thousands, of dollars, affecting a young person's entire future. We also discuss why this conversation should be part of financial planning, not just something talked about at home.