Alldredge models hard work to others
Alldredge models hard work to others
Helen Robinson, Colorado Springs Business Journal
Patrick Alldredge still has about a year left at UCCS, but already he’s helping families plan and save for their children’s college education.
At 21, he’s balancing a full-time course load with his position as college financial representative at Northwestern Mutual.
“Parents saving for their kids to go to college is a big thing — college is a huge expense,” Alldredge said. “I know I’ve had the liberty of being able to use my parents to go to school, instead of having to pay a ton of money and go and get loans.”
Alldredge was born in the Springs, the eldest of three sons. His father owns a car dealership but Alldredge chose a different path and, after graduating from Falcon High School, went to UCCS to study business finance.
This week he spoke with the Business Journal about saving for college, his passion for hockey, and proving the younger generation can work hard.
Did you plan to work while studying?
It wasn’t really a plan, but it was a path that opened up to me and I decided to do it to get some work experience. It’s been great so far, I love it.
What does your work involve?
I educate people on where they need to be saving their money, so they always have money and options in the best and worst times of life. And building financial plans for people so that they know that one day they’re going to be able to retire.
What are some of the issues surrounding parents saving for college?
What comes up is everyone thinks, ‘This is where my kid’s going to go to school; this is where I want them,’ and they start setting that as their goal. But you don’t know if your kid’s going to get a scholarship or play sports — or not even go to college. So depending on where you’re saving your money, you have to be strategic in that because certain accounts only pay for school, while some are able to be used for school or weddings or down payment on a house. Some have more flexibility and some are very strict. Not knowing is the struggle.
Do you have a path mapped out?
I think this is what I want to do long-term. Right now it’s an internship but it’s not your typical ‘go make coffee for people’ — it’s actually doing what people do full-time. I’m doing it. As soon as I get done with school, I plan to go full-time and be doing this.
What’s the most challenging part of your job?
Convincing people that they need to save more money. People know that they need to save more, but they don’t want to admit it to themselves. It’s tough. People underestimate.
What do you do in your free time?
I love to golf and be outdoors; that’s why I love Colorado. But I also grew up playing hockey here locally, and I’m...
- Berger, Parsons to be honored at 11th annual Lifetime Entrepreneurship Award Luncheon
- More than 2,000 students earn President’s and Dean’s List honors
- Hawkins (MBA ’86) to deliver fall commencement address
- Better Business Bureau of Southern Colorado and UCCS partner for Multi-Generational Professional Seminar Series
- UCCS attends 2018 Daniels Fund Ethics Consortium Summit
- “Sweetheart Index” shows impact of contributions to federal government contracts
- Mayor recognizes outstanding young leaders
- Alldredge models hard work to others
- Warrick earns prestigious organizational development award
- Executive Education breakfast series launch a success
- New faculty join campus
- FIFA whistleblower coming to UCCS to discuss corruption in soccer
- New UCCS downtown campus means business
- Students develop lasting connections at annual Career Networking Night
- UCCS Downtown opens to fanfare and celebration
- UCCS enrollment surpasses 12,500 in 12th straight year of growth
- UCCS Economic Forum to predict what’s ahead for region Oct. 4
- UCCS remains a top-10 public institution in the West
- Global Portal returns to UCCS, connecting strangers from around the world
- Bailey wins Accolades honor
- Bailey named SCWCC Business Leader of the Year
- Mini-MBA program surpasses expectations, readies for Year 2
- Commencement profile: Failure inspires success for business student
- Commencement profile: International student flourishes at UCCS