Meet Drake the Vampire, who loves astronomy and usually has a telescope in tow. When he isn’t learning about stars and planets and black holes, he volunteers after hours at the local blood bank. Drake comes from a long line of Vampires and has a very close relationship with his great-great-great-grandad Count von Drake. Like most grandparents, the Count wants Drake to have financial protection in the future and is interested in buying a whole life policy for Drake. He isn’t sure that he can, however, since he isn’t Drake’s dad.
Preparing and paying for higher education
When it comes to paying for college, there are a number of options to choose from. Students can apply for financial aid, scholarships, loans or grants. As a parent, grandparent or permanent legal guardian, you may decide early on to start investing in a savings program for your child. With all of the available options to pay for a college education, it can be difficult for parents and their children to determine which plan is best for them. Gerber Life online articles include valuable insights and ideas to help your family prepare for the college years. Our articles and tips can help you rest-assured that your child will be prepared for college and anything else the future may hold.
The competition among college applicants is at an all-time high, causing the acceptance process to become more selective than ever. In 2015, college acceptance rates dropped to a record low of 5.05 percent. No wonder that teens are feeling the pressure to get into college!
If your teenage is starting the senior year of high school, here are some things that he or she still has time to do to stand to college admissions.
In July, financial services company Sallie Mae and the global independent market research company Ipsos released the eighth annual “How America Pays for College” study. The report focuses on how much money parents and students spend for a college education, where they obtain the funds to pay for the expenses associated with college, and their thoughts about the cost and value of higher education.
Perhaps the most surprising finding is that parental income and savings surpassed scholarships and grants for the first time in five years, and is the number one source of paying for college.
For more insights from the How America Pays for College study, check out our accompanying infographic:
Most likely, your child has big dreams – that’s part of growing up. Maybe your daughter or son wants to run a company, play a sport in college, or become a politician or astronaut. No matter what the dream or how it might keep changing down the road, you’d like to see your child realize his or her ambitious dreams.
What are some ways for you to assist, particularly for launching the process? It’s often important to create a road map for success that your child can follow. Consider these tips for how to help your son or daughter set and achieve goals:
Gerber Life offers a range of insurance policies that were designed to fit the different needs of different people – from young families to grandparents. Ever since our founding in 1967 by Gerber Products Company, “the baby food people,” we have been providing quality life insurance for budget-conscious families and individuals nationwide.
Today, as a financially separate affiliate of Gerber Products, we continue to share the same goal and tradition: being the name that people trust in caring for their families.
Whether your goal is to set aside money for your child’s college education or to provide financial protection for your family, read on to figure out which is product is the right choice for you.