Preparing for college?
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Mar 21, 2014 / By BlackRock

While it’s never too late to put money aside, it’s better to start sooner rather than later. When it comes to financial planning, time is your best ally.

It is also wise to meet with your financial professional who can assist you in developing a strategy for saving more today to help your family meet this future cost.

You can do it, and we can help every step of the way.  

Saving for college may seem like an insurmountable task. But families everywhere are making it a top priority and here’s why: College graduates tend to have lower unemployment rates and higher lifetime earnings. So the return on your investment is measured by the quality of your child’s life.

College graduates have the benefit of higher lifetime earnings and a lower unemployment rate, among other things.

Saving vs. borrowing

Thinking of relying on financial aid? Consider this: When you save a dollar, you make money. But when you borrow a dollar, it costs you money. That’s why financial aid shouldn’t be your only plan.

College debt is already second only to mortgage debt. Many people are currently struggling to repay college loans, and costs continue to rise.

Student debt second-largest balance after mortgage debt.

Sizable debt may significantly alter your child’s post-graduate plans.

Students saddled with too much debt often.

You need access to as many financial planning tools as may be available to you in order to prepare your children for a better future.

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