With the cost of annual tuition fees reaching over $50,000, that means you might need over $200,000 to cover all four years! That’s why it’s never too soon to start planning.
With that in mind, you may want to consider looking into a College Savings Plan to help lessen the burden. Let’s face it, there are only so many scholarships to go around and financial aide may not be a viable option for your family, so it’s better to plan for the reality, even as you continue to hope for the best. Even if he or she is in diapers now…they grow up fast and as time passes, tuition fees generally increase. Will you be ready?
If you’re kept awake at night worried about how you’re going to cover your child’s education, give us a call. We’ll map out a plan tailored to where you are on the college continuum and help you plan ahead. Now, go get some rest.