Let’s face it: sending your children or grandchildren off to get a good college education is a great investment, but it isn’t cheap. The average cost of one year at a four-year public university is $19,388, while that same year at a private university will cost $39,028. To make matters worse, over the past decade the cost of college has continued to rise at more than double the rate of inflation–and there is no sign that this will change.
This means that if you have an 8-year-old child that will be heading off to college in 2020, it could take nearly $250,000 to pay for that education!
Planning for future educational expenses is important. With the vast array of savings choices and the various financial aid programs that are available, it can also be complicated. We can work with you to help design a plan to provide for this future need with minimal impact on your other financial plans.
If you would like to learn more about planning for future educational expenses contact our office today.
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