IT’S NEVER TOO EARLY TO PLAN FOR COLLEGE

Whether you have children, grandchildren, nieces or nephews headed to college when they turn 18, it’s always best to put anticipated higher education expenses into your financial plan–the sooner/younger the better. According to the Department of Education,“a postsecondary credential has never been more important.”

The average bachelor’s degree recipient will earn about $1 million more in their lifetime than those without a postsecondary education. By 2020, an estimated two-thirds of job openings will require postsecondary education or training. And college graduates with a bachelor’s degree typically earn 66% more than those with just a high school diploma, and are less likely to face unemployment.

But it’s no secret that college costs have skyrocketed nearly out of reach, and college debt has increased. In fact, the cost of a college degree is high–second only to a home mortgage. Even if you are willing to sacrifice your retirement to your child’s education (most parents are), you shouldn’t have to. Let’s talk about college planning as soon as possible: 866.936.4884.