The cost of higher education is continuing to rise so many people are asking how they are going to afford college when it’s time for their children or grandchildren to attend. The answer is time. Just like it’s important to start planning for retirement early, planning for education costs well before your children or grandchildren are ready is critical.
But where to start? There are so many different options for education savings that finding the right fit for you can be overwhelming. Cedar Brook does the hard work of sorting through the choices so that your decision is easy. We have the knowledge and background to guide you through the process and answer any financial questions about college you may have, from loans and grants to tax credits. It’s important to us that your educational plan is in line with your goals and expectations and fits with your overall financial plan. We create the plan today so that you are at ease tomorrow.
The time is now to get started. Contact us today to begin your education planning.
Education Savings Options:
- 529 Plans
- Coverdell Educating Savings Accounts
- Money Market Funds
- Mutual Funds
- Custodial Accounts
- Unit investment Trusts (UITs)
- Equity Investments
- Fixed Income Investments
- Cash Value Life Insurance
Financial Aid Options:
- Loans (Stafford, PLUS, Private)
- Federal Aid
- Grants (Federal, State, Private)
- Institutional Aid
- Lifetime Learning Credit (LLC)
- Deduction for Qualified Higher Education Expenses
- Student Loan Interest Deduction