College planning often seems like a daunting challenge when you hear or read about the cost of a university education. Unfortunately, college costs continue to escalate and projections indicate that those parents and students without college funding plans will come up financially short for education expenses. But, where can you turn for help with college investment plans? Here are some suggestions for college funding options.
• College counselors. Like professional career coaches, college counselors try to help students and parents navigate the maze of scholastic and financial planning needed to have a successful university experience.
• College investment planning funds. College funding options, like the Gerber Life College Plan, offer help and information along with programs structured to saving for college. With flexible options, you can plan for college at affordable investment dollars.
• Government and privately sponsored educational savings plans. 529 College Savings Plans, Coverdell Educational Savings Plans, and Roth IRAs allow you to save for college, enjoy tax-free earnings, and, often, tax-free withdrawals for qualified education expenses. Their websites and professionals can give you planning information and help you establish your college planning program.
• College planning websites. There are many websites dedicated to helping students and parents make college plans that work. Students will learn different approaches and techniques to improve their academics, choose their college, and prepare their applications. Parents will learn some investment and funding ideas that help their college planning.