College Funding

 

 

Find college savings strategies to meet your needs

 

Do your homework

 

The first step is to look at your financial situation today and how long you have to save for your child(ren)'s education. Next, do some math and determine how much it might cost to send your child(ren) to college. There are many tools and calculators to help you work out how much you need to save.

 

 

Know your options

 

There are many ways you can prepare for college costs and you should consider all of the options available. From traditional college savings plans (e.g., Coverdell Education Savings Accounts and 529s), grants and scholarships, even life insurance. It is important to learn how all of these components may fit into your child's education funding plan.

 

College vs. Retirement?

 

Many people face this question when considering a college savings plan. Think about the following:

 

  • Using money from a retirement account to pay for college means it won't be there for your own retirement expenses.
  • A college loan can be paid back, retirement cannot. Look into financial aid resources such as grants, scholarships and federally guaranteed student loans.
  • College graduates will hopefully be in a better position to pay back a student loan than you may be during the retirement years.

 

Make sure the dream of a college education is always within their reach. You give them so much, your love, your protection, your hopes for a bright future. Whether the college years seem like a distant dream, or they're just around the corner; with college costs rising everyday, it's never too early to start saving for higher education. Let us show you ways to make saving for college a rewarding part of your financial strategy.

 

Call (912) 999-1805

Or Schedule a meeting that works for you 
https://calendly.com/savannahwealthgroup

 

 

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