Kids grow up fast these days. Before you know it, they’ll be off to college – that is, if you begin saving for their education early. But saving requires commitment and a game plan.
How much does a college education cost today?
According to The College
Board, in the 2006-2007 school year, the average total cost for one year at
a private college was $30.367. The average price tag of a four-year public
institution was $12,796. These figures include tuition, fees, and room and
board.
These numbers are rather large and represent only top-notch colleges. Don’t let them overwhelm you. They are for illustrative purposes only and do not characterize average college costs.
A simple for four-step plan can help you with your long-term investment objective. A brief overview of theses steps:
- Set your sights: estimate how much your child’s college education may cost.
- Build Your Investment – One Month at a Time.
- Tax-Advantage College Investing: it pays to investigate options that may help you limit, or even sidestep, some taxes.
- Choose the Right Investments
There are many variables when it comes to college planning. If you’re just beginning to plan for your first child or if you’re working on your second or third, we can help with the process. Request a Consultation by completing the form below.
