Planning to Pay for Your Child’s Education?
With college costs rising faster than the rate of inflation, financing a child’s higher education has become a top concern among parents and grandparents. According to The Princeton Review’s 2021 College Hopes and Worries Survey Report, the cost of college topped the list of concerns with 63% of respondents estimating that the investment in higher education will easily exceed $75,000.
Fortunately, there are some sound tax-free strategies, like a 529 College Savings Plan you can use to help pay for your children’s college expenses. Even if you feel like you are late to the college planning game, prudent planning can help you save the largest amount in the shortest amount of time.
When reviewing various education planning options with you, we will discuss topics such as:
- What assets should and should not be held in your child’s name
- How to maximize the use school loans
- Explore 529 College Savings Plans and other educational funds
- Investigate how multiple-generational support can assist with school funding
- Address the realities and financial strain of funding higher education
Through our education planning process, we will develop a strategy that will allow you to meet the challenges of sending your child to school while still keeping an eye on your financial goals.