PLANNINGLife Insurance
|
College PlanningHow can you begin saving for your child's future college education?
Children grow fast, and so does the cost of a college education. Aside from average annual tuition increases, there are many factors that can impact future college expenses:
Private versus public & in-state versus out-of-state tuition are among the biggest factors that affect college costs. Where your child decides to go to school, unexpected events and market volatility may greatly limit how much certain plans can pay for different expenses. Most families don't know the many resources for grants or scholarships to reduce costs; even incorrectly filling out a FAFSA form (Free Application for Federal Student Aid) can decrease how much aid your family can receive from the government, not to mention the families who can qualify for federal aid and think they can't. These make up the largest pile of tuition-aid left on the table today and many people don't even realize they are hurting in these areas just from a lack of information and assistance. Before families even begin to set aside money for future college costs, we believe the most important place to start is teaching them how to get the most aid from all available resources. This starts with properly completing a FAFSA form so they know what the government will contribute based on their household; this is the foundation of saving for college. Once we handle this, we will have a clear roadmap and can begin looking at outside sources for aid and grants. After this essential part is handled, you will understand what your out-of-pocket costs may look like, then we can begin looking into your options for setting your own money aside. A free, no-obligation 1-on-1 with a member of our team can paint a clearer picture for your family and start alleviating the stress that college planning creates. Call our office or submit a contact form on the right and we can call you back to set a time to speak. |
Write, Call or Come In.You Can Help Others Reach Their Financial GoalsLearn how to become a Financial Services Representative with us.
|