"Education costs money, but then so does ignorance." -Sir Claus Moser
Great quote, but it needs updating. It should start out, "Education costs a lot of money..."
Most sources confirm that the average cost of attending a four-year college or university in the United States has historically risen by more than twice the rate of inflation. If that trend continues, then a four-year college tuition with fees and room and board in 2030 may cost:
- Over $100,000 at an in-state public university
- Over $300,000 at an out-of-state public university
- Over $400,000 at a private college
When it comes to funding college, slow and steady wins the race. And an education on this topic would be a wise investment. Start early, budget for it, stay committed... and use a financial consultant. We would love to help you sort through the maze of projecting costs, deciding how much to save, and also which savings/investment option makes the most sense.
Call 1-800-446-5073 to learn about:
- 529 plans
- Coverdell Education Savings Accounts
- UGMA/UTMA accounts
- Mutual funds
- Brokerage accounts
- Advisory accounts