Saving for Post Secondary Education
Are you planning to provide your child or children with a college education? If so, do you know how much it will cost? Do you know how you will finance this goal?
Meeting the financial costs of educating children is a financial goal for many people. The strategies to help you meet this goal may differ from other saving and investment strategies, however. Always investigate the tax and financial aid implications of your college-saving strategies.
The earlier you start planning for a college education for your child, the more time you will have to accumulate funds. Consider and plan for the cost of the entire college education. However, because saving ahead for the total cost may be unrealistic for parents, other possibilities need to be explored, including scholarships, grants, loans, and work-study programs. Learn the details about each one.
