5. Saving for your child’s education


Life’s Financial Journeys

Heading Off to College
Getting Out on Your Own
Blending Two Lives
Having a Child
Emptying the Nest
Entering Retirement
Divorce
Death of a Life Partner
Military Life


Saving for your child’s education. “How can we prepare for college expenses?”

Education costs are continually rising, but providing a quality education continues to be a high priority for many parents for their children.

Fortunately, there are several education funding tools to consider, which vary in availability depending upon the level of the child’s schooling.

The following subtasks may assist you in learning how to save for your child’s education. You will find detailed resources for these subtasks under the links in the right column of this page.

Subtask 1: Determine the cost of higher education today

Subtask 2: Estimate the cost of higher education in the future

Subtask 3: Explore tax-deferred college savings plans

Subtask 4: Select appropriate investments for college savings plans


Having a Child Tasks

1. Protecting against risk
2. Updating your estate plan
3. Arranging child care
4. Revising your spending plan
5. Saving for your child’s education

Saving for your child’s education Subtasks

1. Determine the cost of higher education today
2. Estimate the cost of higher education in the future
3. Explore tax-deferred college savings plans
4. Select appropriate investments for college savings plans

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Chicago, IL 60631
(847) 483–5400 ext. 106
foundation@napfa.org

 

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