As parents, we want the best for our children.
A good education is the key to their success.
The cost of college tuition is climbing at 6% a year.
This is what the cost of attending university will look like 18 years from now:
As a result, student debt in the US has reached a historic level of $1.4 trillion!
Why Start Saving Today?
The earlier you save, the more your money will grow.
Your child will not be burdened with a huge student loan.
You won’t need to dip into your retirement savings or use other assets to pay for it.
Here is some data to consider:
Only 0.3% of students will receive a full-ride scholarship that will cover all their costs. The odds are as slim as winning the lottery.
8% is a typical interest rate for student loans. You may pay over $100k in interest on student debt.
25% of parents end up paying for children’s education out of their own retirement savings, sacrificing their financial security.
Students with college savings are 7 times more likely to attend college than those who don’t save.