College costs have increased 213% in the past 20 years1, dramatically outpacing inflation. With the costs of higher education rising so dramatically, it is crucial to have a strategy and plan to manage this important goal. Key questions to answer include:
- Do I want to pay for my children’s / grandchildren’s education?
- Can I save for college and retirement (or other goals) simultaneously?
- Is the cost of higher education still worth the price we pay?
- Are there different ways to finance education?
Less than 20% of students complete their undergraduate degrees in four years. Worse, less than 60% graduate in 6 years. Making and keeping an updated plan help our clients succeed more quickly and efficiently. Our efforts include helping families provide a success path for their students – from finding the right school, to earning an appropriate degree in a reasonable time with confidence and gratification.
At Munn & Morris Financial Advisors, we take great pride in understanding each unique situation and offer options to achieve our clients goals and priorities. From a college planning perspective, we have years of experience in saving, funding, and minimizing family out of pocket costs for education. Similarly, we help guide families to find institutions that fit the student’s needs, interests, and capabilities. Our goal is to achieve your specific goal by sharing our insights and experience and using the right vehicles for you to optimize your success.
Schedule an appointment today for more details and to understand your options and choices.