1. Should Earning Potential Determine Your Child’s Major?

    teenage girl holding paperFor some students, choosing a college major is one of the most difficult decisions to make; akin to the timeless question, “What do you want to be when you grow up?” As a parent, you want your child to choose an area of study that he or she will be passionate about and that will lead to great prospects for employment.

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    Categories: College Planning
  2. Developing a Save-for-College Plan With Your Children

    Teenage Girl in ClassroomThe role your kids can play and what they need to know.

    Parents of a child entering kindergarten in the fall of 2013 (the Class of 2026) can expect to pay an average of $44,161 a year for college, or a total of $176,646, for four years at an in-state public institution.

    Developing a plan for saving for college is essential. The first step to helping your child get through college with minimal debt is to start early and make saving a priority. CNNMoney states, “Investing just $100 a month for 18 years will yield $48,000, assuming an 8 percent average annual return.”

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    Categories: College Planning
  3. Three Monthly Tips to Help You Budget For College

    Family Meal TimeThe average college student attending a public university can pay nearly $16,000 per year. Private universities cost in excess of $36,000 a year. Multiply those amounts by four years to see how expensive earning a college degree can be. Here are three ways to budget for college each month, to help fund your child’s future education.

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    Categories: College Planning
  4. How to Put Multiple Children Through College Simultaneously

    Brother and Sister OutsideSaving for college is no easy feat even for just one child. Paying for more than one college education simultaneously can really break the bank. According to the National Center for Education Statistics, the average annual cost for college tuition, room and board for a student at a four-year public college was more than $14,000 during the 2011 – 2012 school year. By the year 2030 that number could balloon to more than $40,000 per year. How can a parent afford for more than one child to attend college at the same time?

    Here are some solutions to help families of any size send their kids to college:

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    Categories: College Planning
  5. Saving for College: In-state versus out-of-state college preparations

    Male Student In ClassroomGetting ready for college involves preparing your child for big changes in his or her life. But as a parent, you’ll need to make preparations as well based on whether your child plans to attend college in-state or out-of-state.

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    Categories: College Planning
     
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