One of the most rewarding parts of our job is helping clients plan for and send their children to college. Over the years we have seen many families, including our own, set goals for education funding and share the happiness of watching students graduate without crushing student loan debt. If you have young children or grandchildren today, it is critical to start early with a plan for paying for their higher education. College costs have gone up 63% since 2006. According to the College Board, the average cost of tuition and fees was $10,440 for in-state public students but a whopping $36,880 at private colleges. However, the budget can skyrocket if they are considering Ivy League colleges where tuition alone may exceed $50,000-$60,000 per year. For families with multiple children, these numbers can be overwhelming.
We can help get the genie back in the bottle.