Did you know that bachelor’s degree holders earn $1 million more over a lifetime and median yearly income gap between high school and college graduates is around $17,500?*
If you have children, it is never too early or too late to start planning for their future education. According to the College Board's Trends in College Pricing, the cost of attendance (includes tuition, fees, room and board plus ancillary fees)for a public university for 2017-2018 was more than $40,000 and more than $50,000 for a private college. With inflation, these costs are expected to continue to rise.
At Reich Asset Management, we can help you determine what type of investment to use to save for your child’s college education. Some plans can be a great way for parents, grandparents, family or friends to save for the higher education needs of those they care about. And if you have high school aged children, consider using our comprehensive fee-based College Planning service. Service includes:
• School Identification
• Cost Calculation
• Savings Plan Establishment/Evaluation
• Estimated Expected Family Contribution (EFC) Calculation and Evaluation
• Estimated School Financial Aid Determination
• Free Application for Federal Student Aid (FAFSA) and CSS Profile Filing
• Analysis/Comparison of Financial Aid Awards
• Loan Guidance
Our professionals can help with one of the most important and one of the most expensive decisions you and your child will make.