Why Start Planning Early?

A proper education savings plan can help reduce the financial strain of higher education costs. While grants, scholarships, and financial aid may be available, they often fall short of covering the full cost. Starting early allows you to take advantage of compound growth and reduce the need for student loans.

How Much Should You Save for Education?

The cost of college varies widely depending on the institution, duration of study, and location. A licensed financial professional can help estimate future costs, factor in inflation, and reassess your plan over time to ensure you remain on track—whether you're saving for a 2-year college, a private university, or graduate school.

Is Relying on Loans a Smart Strategy?

Education loans can help bridge gaps in funding, but they are not a replacement for proactive savings. Depending solely on loans can result in long-term debt, increased interest costs, and financial pressure post-graduation. A savings-first strategy gives your child a stronger, debt-conscious start.

Balancing Education Savings With Other Goals

Managing multiple priorities—like retirement, a mortgage, or raising children—can make saving for college feel overwhelming. A personalized financial strategy can help you allocate your income wisely, so you can pursue multiple financial goals without compromising on your child’s education.

Options for Education Funding

A licensed financial professional can help you explore a range of education funding tools, including:

• 529 College Savings Plans

• Custodial Accounts (UGMA/UTMA)

• Coverdell Education Savings Accounts (ESAs)

• Cash Value from Permanent Life Insurance

• Tax-Advantaged Investment Accounts

• Education-focused Trusts

We can also help you understand K–12 education savings options, financial aid eligibility, and how to structure your assets to increase access to scholarships and grants.

 

Get Personalized Guidance

Every family’s situation is unique. A licensed financial professional can help you create a customized education savings plan based on your budget, timeline, and the type of education you envision for your child—whether it’s public, private, trade school, or graduate-level education.