BTw, I noticed on your site that you both intend to major in a photography-related area (art and photojournalism if my memory is correct). Be sure to take as many business-related classes as you can to help you from the business side if you want to continue with a photography business. You are ahead of the game already simply by posing the question you did and seeking advice from people already in the business. If you can, find mentors along this journey you have embarked on.
Best of luck to you both.
Anne
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