Introduction to Education Planning

One of the familiar images of the college graduate is the seemingly perpetual student loan that he or she never gets paid off. Another is the graduate who must take a second job to pay down a huge loan balance. One of the goals of education planning is to make these scenarios less likely or, at the least, not as lengthy.

There are many factors to study when you plan for higher education. That is why advisors suggest starting your plans early. It is important to understand the college cost environment in order to make sound educational choices for your or your child’s educational needs—including, but not limited to, which ones are the best school choices. Next, it is important to dispel the myths and misconceptions surrounding financial aid from other funding sources. Finally, you need to evaluate the myriad investing plans and strategies to minimize taxes, and maximize college cash flow when the time is right.