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Conquering the Tuition Mountain

In today’s difficult economic environment, a college education is critical for our children to effectively compete in the job market. The cost of providing that education opportunity is staggering, with the average cost of tuition plus room and board at a private university in excess of $30,000 per year. Even the cost of tuition at an in-state public school can reach $20,000, with the cost increasing at a pace in excess of 6% annually.

While climbing this “tuition mountain” might seem an impossible task, it can be done with some solid planning combined with a little discipline and the use of the appropriate financial tools. At PPC, we will perform a financial analysis to establish an estimated financial cost of attendance and then develop a savings program to get you started.

UTMA accounts, 529 plans, Roth IRAs and 401(k) loan options are among the tools we use to help you climb the tuition mountain. With some coaching and training on how to use them, the mountain top is within your reach.

For more information, or to schedule a no-cost, no-obligation consultation, please contact Preferred Planning Concepts at (847) 375-0505 or click here.