College Planning: Navigating Education Costs

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Key Takeaways

College Costs Add Up Quickly

The price of a four-year degree could be over half a million dollars in less than two decades. Planning ahead helps you prepare for rising costs instead of being surprised later.

Financial Aid Is Broader Than You Think

Completing the FAFSA opens the door to grants, scholarships, loans, and work-study. Most families qualify for some form of aid, and applying early matters.

529 Plans Offer Flexibility

A 529 savings plan can grow tax-free and be used for more than just tuition. Funds can cover room, board, and supplies, and the account can be adjusted if your child’s education path changes.

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INSIGHTS

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