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:

0.3%

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.

8%

25%

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.

7X

Saving on Taxes Means Faster Growth of Your Money

Saving on Taxes Means Faster Growth of Your Money

Assuming 8% return, 30% tax rate and $200 monthly investment.

College Savings Account

Grow your money with U‑Nest without having to pay taxes

Tax-Free Growth – Your earnings are not subject to federal income taxes as long it remains in the plan. This can help your account grow faster, since all your earnings will be reinvested.

Tax-Free Withdrawals – No taxes are due to the federal government when money is withdrawn for qualified expenses.

We can help you prepare today, so your kids can pursue their dreams tomorrow.

Sources: Pew Charitable Trusts (2015),
https://www.unigo.com/pay-for-college/scholarships/5-scholarship-facts-you-won-t-believe
https://www.investopedia.com/articles/financial-advisors/112015/paying-college-why-parents-should-prioritize-retirement.asp

Disclosure

College Savings Calculator is a hypothetical tool that demonstrates how monthly contributions, age-based asset rebalancing, and tax savings may impact the long-term value of your account, and do not take into account a portfolio’s underlying investment management fees. Calculations assume the private institution cost inflation is 2.8%, public out of state cost inflation is 3.9%, public in state cost inflation is 2.7%. Portfolio is assumed to have only stocks and bonds. Monthly equity returns are based on the historical data from the 10-year track record of the stock market (SPY). Monthly fixed income returns are based on the historical data from the 10-year track record of the bond market index (AGG). The current college expenses are provided by the collegeboard.org. Actual account performance may differ due to market fluctuations, changes in recurring investments, and asset allocation. The information provided here is for illustrative purposes only and does not represent actual or future performance of any investment option and is not intended to predict or project the investment performance of any security or index.