The younger your child is, the more difficult it can be to fully understand the need to develop an education funding plan. But with education expenses often starting as early as elementary school, it’s clear that the sooner you start saving, the better. Even if you feel like you’ve already fallen behind, it’s not too late — what you do today can have a great impact on your child’s education.
Get a Head Start on Education Funding to Tackle Rising College Costs
In 2011-12, public four-year colleges charge, on average, $8,244 in tuition and fees for in-state students. The average surcharge for full-time out-of-state students at these institutions is $12,526. *
Private nonprofit four-year colleges charge, on average, $28,500 per year in tuition and fees.*
Public two-year colleges charge, on average, $2,963 per year in tuition and fees.*
Too often, these rising college costs stand between your children and their dreams for the future. Even if they excel in school, your children still might not be able to attend the college of their choice. The lack of an education funding plan often forces parents and students to make a difficult choice — take on the burden of student loan debt or avoid college altogether.
Choose an Education Funding Plan That’s Right for YouYour Investment Advisor can help you decide which ones work for your unique situation.
*Note: Price and aid figures are from the College Board's Trends in College Pricing 2011 andTrends in Student Aid 2011. Learn more online at our Trends in Higher Education website. All rights reserved. www.collegeboard.com.
Please contact us today to find out how we can help.