"How much will college cost for my child?” Answering this question can help you create a realistic savings goal. But your answer depends on many different things, including where your child goes to school and when.
That's where we come in. Your financial advisor can walk you through the things you can do today to prepare—before you start college visits or applications.
The cost of attendance
Though costs vary based on institution and location, use the chart below as a thought starter on how much college could cost.
Amounts represent one year of education expenses, including room and board for public and private universities. Community college does not include room and board. Assumes 5% annual inflation rate. Rounded to the nearest hundred.
Source: College Board 2015, Edward Jones estimates
Don't be overwhelmed by the potential costs. Regardless of how old your child is, your financial advisor can work with you on developing a strategy that can help make your goal a reality.
How we can help
Your local financial advisor will look at your entire financial picture, including what other goals you are saving for (like retirement), so your college savings strategy makes sense for your family. Contact your financial advisor today.