Paying for college can be challenging, particularly for families balancing multiple financial priorities. Since 1985, the cost of college education has risen faster than inflation.1 In some cases, the cost of four years at a private college may exceed the cost of a family home2 and, aside from retirement, can represent one of the largest expenses families may face.
Several types of college savings plans are available, each with its own rules, benefits, and limitations. An advisor affiliated with The Legend Group can help explain these options and discuss strategies that may align with your individual situation and goals.
Please watch the short video below, which highlights general ideas related to college savings planning.
