College Funding
Navigating College Funding
Plan for your child’s future with our college funding plan. With the average student loan debt amount exceeding $30,0000 according to U.S. News, the smartest thing you can do for your child’s future is to obtain a college funding plan. Alternatively, individuals may open their own college funding plan if they are interested in going back to school, whether that’s for their undergraduate or graduate degree.
529 Plans
A 529 plan is a “tax-advantaged savings plan designed to encourage savings for future education costs,” according to the SEC. This type of college funding plan is sponsored by either states, state agencies, or educational institutions and is available in all 50 states. Not to mention, 529 plans are accepted at most in-state public universities, private colleges, and graduate schools. The two types of 529 plans are prepaid tuition plans and education savings plans. Depending on which plan you select, you may have the following covered: tuition, fees, books and supplies, room and board, laptops, and more. To determine which plan is best for you, contact Wanda Bastert to learn more.