Business : Funding the Future – College Costs

Funding the Future – College Costs

Did you know?

Over a lifetime, the gap in earning potential between individuals with a high school diploma and those with a Bachelor’s degree (or higher) is more than $1 million.1 In other words, education is key, and whatever strategies you use to help fund a child’s college education in the short term are more than repaid in the long term.2

With appropriate planning, you can help your child fulfill his or her goals – whatever they may be – without financially straining to meet the rising costs of higher education.

As you examine education funding options, consider the following factors:

· Your child’s career aspirations

· Preference of a private or public school

· Number of years until college enrollment

· Percentage of education expenses you want to cover

· Cost of non-tuition needs (books, computer, housing, etc.)

· Amount of money available to save or invest

· Investment experience and tolerance for risk

Then, contact me to discuss how our products can play a part in your child’s education funding.

Hey, High School Students and Parents …

For additional information on college costs, such as a college savings calculator, scholarship and financial aid applications, and grant information, log on to the Department of Education Web site at www.ed.gov. You’ll also find helpful tips and timelines for entrance exams and applying to colleges.

1, 2CollegeBoard, Education Pays 2006- Trends in Higher Education Series, www.collegeboard.com,

visited September 20, 2007.

Tips brought to you by Farm Bureau Financial Services.  For more information about products and services, call Randy Stein in Vinton at 472-5231 or e-mail Randy at Randy.Stein@fbfs.com. 

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