I'm writing an article for a parenting website and would love to talk to a financial planner about saving money for college.
Anyone?
[email protected]
Thanks!!!
Anyone?
[email protected]
Thanks!!!
Cabinscribe said:I've read several articles on this topic, but I never see anyone suggest that the student himself should be responsible for saving.
I don't know if that's an angle that you want to include in your article .... maybe to suggest that a percentage of what the child earns at a part time job while still in secondary school should be earmarked for college.
Then the student could work while in college, and there's always student loans.
Another idea is to go to a community college for the first 2 years, and then transfer to a more expensive but reputable college.
robeiae said:I was in the field for a time. When it comes to saving money for college, the most important things to keep in mind are: start early, commit heavily. There are many different vehicles to use for your savings program: pre-paid state tuition programs, 529 investment programs, Coverdale accounts, bonds, brokerage accounts, etc. There are pros and cons to each. Most FP's will have a favorite, but all will agree that you cannot start too early and you cannot put away too much, much like saving for retirement.
Of course, most of us, in my experience, listen well but act poorly...college for her is twelve years away, we can get a new sports car.
Rob
DTNg said:I'm writing an article for a parenting website and would love to talk to a financial planner about saving money for college.