The thought of what it may cost to send your child to college can be very scary. However, ignoring it and trying to deal with it when your child receives their acceptance letter can be even scarier and much more difficult on you and your high school graduate. At Prosperitas Financial, we help our clients by estimating the potential, future cost of higher education, designing a savings plan that best fits their budget, and sorting through the myriad of investments and accounts that are available to save for college in order to come up with the best solution for them, and their child’s, unique circumstances.
Mention college savings and we are almost certain someone will mention a Section 529 Plan. While these can be great investment vehicle for college savings, they are not right for everyone. With a comprehensive view of our client’s financial picture, we are able to assist them in picking out the right college savings account. Whether it be a 529, Coverdell ESA, Roth IRA, UGMA/UTMA, Cash Value Life Insurance, U.S. Savings Bonds, a taxable brokerage account, or conventional savings, we want our clients to make informed decision on where to invest their college savings money and how that may impact them, their children, their ability to qualify for financial aid, and their taxes.
In addition, our professional college guidance counselor works with our clients to help them pick the right school for their student based on their educational and career goals for the future, as well as their budget. Our college guidance counselor also works with them to better understand what scholarships and grants may be available, as well as walking them through the process of applying and attempting to qualify for financial aid.