| Action Group - Action Financial Management - College Planning | |
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College Planning Educating your children will probably be one of the biggest financial
challenges you'll face in your lifetime. Today, the costs to attend an
elite private college run approximately $25,000 a year, The average
private school around $16,000, and public institutions form $7,000 to
$10,000. In fact, over the past decade the cost of tuition and room and
board has been rising seven to ten percent a year, over twice as fast as
the consumer price index (CPI). Experts predict that costs will continue
to exceed the CPI.If you want to send your children to an elite private school 10 years from now, the total four-year tab per child for just tuition and room and board could surpass $175,000! In 18 years, the tab could exceed $260,000! However, many fine private schools will likely cost only one half to two thirds of those figures, and many excellent public colleges or universities will cost one third of that. Don't be paralyzed by "tuition shock" Headlines. You may be able to afford the college of your choice....if you start now to plan ahead. However, for most families paying for college, it will require more than simply dipping into the family savings account or writing a check out of current income. A Certified Financial Planner ™ professional can help you maximize cash flow, establish a realistic savings strategy, and qualify for financial aid. |
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191 North Avenue, Mount Clemens, MI
48043 |