Education Planning
According to the National Institute of Certified College Planners, over the last several years, college tuition costs have risen at an astounding rate of 6% to 9% (2 to 3 times the rate of inflation!) — and this trend is expected to continue. Thus, planning for college funding is now more essential than ever.
We look closely at your goals and align them with your intentions towards funding college education costs. We help you navigate the vast and growing sea of college funding options. Through this process we find and implement the right tool(s) to save for future education expenses, while keeping many of the federal, state, or local program options open. Included with each education planning session:
- Estimations on the savings rate necessary to reach your education funding goals
- Assessment of available financial aid options.
- Asset allocation recommendations
- An evaluation of available tax benefits to maximize your savings for education.
- Informative material is provided on various options for education savings, and the advantages and disadvantages are outlined for each. This includes information on the tax-advantaged college savings plans such as Educational IRAs and Section 529 savings plans as compared to Custodial accounts.
- Estimation of Expected Family Contribution (EFC), providing information on what you may qualify for.
- Specific recommendations regarding investments for college savings and paying off college loans.