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Education Funding

Funding a college education for your children or grandchildren is an investment that will pay dividends for a lifetime. We provide you with the estimated average tuition and fees for private or public colleges or for specific colleges and discuss the college experience you envision for the child. With your vision in mind, we review your accounts that have been earmarked to pay for college, potential financial aid, and/or scholarships. Based on your goals we assess whether there are any gaps in your saving and/or investment approach and recommend changes to your strategy. When your student is about to enter college, we will assist you with the Federal Student Aid (FAFSA) application process.

It is important to invest early and often due to the ever increasing college costs. According to the College Board, the average cost of tuition and fees for the 2013–2014 school year was $30,094 at private colleges, $22,203 for out-of-state residents attending public universities, and $8,893 for state residents at public colleges. Inflation of college expenses is unpredictable. It was 2.9% for in-state tuition and fees for public four-year colleges in 2013-2014, 4.5% in 2012-2013 and 8.5% from 2011-2012.

For some investors Education Funding and Retirement Funding are competing priorities. While you want to do your best to support your student, you also want ensure that you will be able to fund your desired the retirement lifestyle. Our recommendations and implementation of your Education Funding strategy seek to strike a balance between these competing objectives.