"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.
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