Families often underestimate the total cost of sending a child to college. It is more than just tuition, room and board. There are also required fees, books, laundry, perhaps a computer, entertainment, and don't forget trips home to see Mom and Dad. We can provide a worksheet to help you project the four-year cost and how much you'll need to save monthly to pay the bills. See our Download Files section.

How to Pay the Bills

If your child is nearing graduation from high school, and you have saved little or nothing, your choices for paying for college are limited. Most likely, you will have to rely on a combination of current income, loans and financial aid.  If you have more time, you may be able to take advantage of some of the new tax law tools for creating a college "nest egg." 

For detailed information on how Section 529 plans work as well as other college funding vehicles, go to our Download Files section.  There you will find a number of client memos relating to college funding strategies.