Education Planning

Educating our children is probably one of the biggest financial challenges we face in our lifetime. Today, the cost of attendance at an elite private school can well exceed $50,000 a year, the average private school around $30,000, and public institutions around $20,000. These costs continue to outpace the Consumer Price Index (CPI) and show no sign of slowing down. Keep in mind that these numbers are based on published tuition costs, not what the student or their family actually end up paying out of their pockets.

Don’t be paralyzed by “tuition shock” headlines or rumors. There are many ways to ultimately meet the expense of funding college education for your children and in actual fact it will probably cost you less than think. The key is planning ahead and consulting with a planner that knows the “ins and outs” allowing you to maximize all of the sources available.