Education Funding
Education Funding
Paying for a college education is an expensive proposition, but not an impossible one.
Let us help.
It’s important to be thoughtful and strategic when it comes to financing a child’s or grandchild’s education. For the last 30 years, college tuition prices have outpaced the overall rate of inflation and families are often unprepared for the hefty price tag of continued education. Or worse, so overwhelmed by the intimidating price tag they take no action.
At Kensington Wealth Partners we’re here to partner alongside you to develop a plan that works for your family without breaking the bank. For example, a 529 College Savings Plan can provide you with a plan for a child’s college education funding, offering tax-advantaged savings, flexibility, control and professional investment management. We’ll work together to quantify the amount to capture, then identify efficient techniques to help make this goal toward reality.
Consider What You Need At Every Step
One of the most important decisions to consider in life is: "What do I want to be when I grow up?" The answer to this question may certainly change over time. Helping your child or grandchild uncover this answer can be one of your most valuable gifts. In addition, there are many ways to help financially support education along the way even before college. You will want to consider if you need to set aside funds for private schools (K-12) and other educational activities leading up to the college years.
It's also important to consider that college is not the best option for all. If your child or grandchild desires to focus on specific trades or technology in their career, technological institutes and trade schools may be a better and more affordable route.
Need-To-Know Changes In The College Process
Our recent virtual event is now available for replay for those who have kids or grandkids in high school with plans to attend college. One of the most important takeaways from the session is that the FAFSA is not just about financial aid. Many wealthier households can still benefit from scholarships that require the FAFSA to be completed.
We encourage you to take a listen and share this recording with your family members and friends.
Listen to the Virtual Recording
Now Is The Time To Think About The Cost Of College
The cost of a four-year college education is daunting. Learn more about the options available to help you build an education fund.