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Financing a college education takes more planning than ever as college costs have increased by more than twice the rate of inflation in the last decade.
According to the Council for Aid to Education, if tuitions continue to rise over the next 20 years as it has during the past 20, over 6 million students will literally be "priced out" of a higher education.
This scary statistic will make the prospects for job hunting very difficult because American Industry requires the kinds of sophisticated knowledge and skills obtained from our colleges and universities.
The Trickle Down Effect
Statistics show that the children of those students that do not proceed to higher educational endeavors will more than likely not do so either. This is a vicious circle as the income levels of this group continue to fall way behind the rate of inflation.
Given the costs involved, funding four or more years of higher education for a child represents a very serious financial goal. However, with careful planning it does not have to be an overwhelming financial burden.
Let's look at the estimated costs associated with some of the more popular colleges and universities around the United States by clicking HERE.
Pick a college and write down the current cost of tuition and room and board. Then come back and use our College Cost Calculator below to see what it will take in today's dollars to make that college dream become a reality.
COLLEGE COST CALCULATOR
Investment Strategies for College Funding
There is, of course, a myriad of college funding investment strategies one could use. However, the following strategies below are some of the more popular techniques. Most posses excellent potential tax advantages and should be considered carefully before implementing.
Please follow each link below to review a BRIEF discussion of each and order complimentary material. You may also simply click the link in the Action To Take box below.
Action
To Take If you would like to learn more about College Funding Strategies, please click HERE
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Fielder Financial Management, LTD.
All Rights Reserved.
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Mark R. Fielder, Registered Principal. CA. Insurance Lic. # 0690576
