We all want what’s best for our children’s futures – for many families, that makes college planning and planning for college costs a top priority. However, quality higher education is coming at a premium these days, and all of the projections indicate that the trend will certainly continue in the coming years. Get started with your college planning NOW.
Planning for College Costs
When faced with these numbers, it becomes more important than ever to make sure that you’re taking the proper steps to maximize the growth potential of your children’s college fund, while also protecting it against loss and taxation. But how much needs to be saved to ensure that your prospective college graduate won’t be saddled with crippling student loan debt by the time they earn their degree? What are the best, most effective vehicles for accumulating the largest fund possible? What tax-favored strategies are out there that can be utilized to maximize the purchasing power of those savings?
According to the latest data from Forbes,
the costs of college aren’t going anywhere but up. (See chart)
As a result, student loan debt continues to climb at a steady rate.
(Outpacing even credit card debt!):
Dream Builders Financial Services . Works with our clients to outline financial and savings solutions that fit their lifestyle and budget. The strategies we employ help to ensure your future college graduate will be armed with the vital education they need to thrive in today’s world, without being burdened with excessive student loans.
Contact an agent today, and let’s work together to realize your child’s dreams.
Learn how our products with living benefits could give you peace of mind!