Investing For A Child's Future

Are you considering the funding requirements of future education costs for your children or grandchildren? Given the skyrocketing college education costs, developing a financial plan for education is critical. Over the last several decades, the costs for a higher education have increased faster than the rate of inflation*. In recent years, college costs have risen close to 10% per year. The total cost of four years of college could be up to $152,000 for a public university and $314,000 for a private university by the year 2022.

With costs continuing to escalate, how will you pay for your child or grandchild’s education?

Plante Moran Financial Advisors provides in-depth, comprehensive resources and education planning services to help plan for your children or grandchildren’s college education. We also offer objective, independent advice on financial planning for education funding and a variety of education savings vehicles available for parents or grandparents of any income level.

We will help evaluate the various college funding alternatives that exist and develop an education planning strategy that is appropriate given various goals and objectives. Our education savings plan and expertise in financial planning for education includes a variety of areas.

Education Savings Plans include various options each with their own benefits. Brief descriptions providing highlights to the variety of choices to consider can be found in the 529 Plans and Additional Savings Plans pages.

*As measured by the Consumer Price Index.