Funding a college education requires thoughtful planning to avoid or strategically manage student debt. That said, because the cost of higher education is often a moving target, knowing your options can be difficult. If you create a detailed approach for college funding, and know the right strategies, you can often get a great education without overpaying or accumulating more debt than necessary.
What you may be thinking:
- When should I begin saving and how much should I be setting aside for education?
- How much can I afford to help my children with college costs?
- Will having a college savings fund subsequently reduce financial aid eligibility?
- Should my children take out loans in their name or mine?
- What are the criteria for qualifying for merit and need-based financial aid?
After guiding generations of clients through the college search and funding process, we know how to manage college costs, increase aid eligibility, determine the appropriate savings plans, and bring clarity to a process that’s typically anything but transparent. We can even help students discover respected schools that are generous with grants and scholarships as they compete for high-quality applicants.
How Buckingham Helps
Education Planning correlates with these other wealth management conversations.
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See our latest thoughts and insights on Education Planning.
February 04, 2020
The SECURE Act and Student Loan Repayments: The Gift of Options
The SECURE Act expands what qualified education expenses under the rules governing 529 college savings plans, helping to save for, and pay off student loans.Read the article
October 03, 2019
Dot Your I’s and Cross Your T’s: Navigating the Complexities of Public Service Student Loan Forgiveness
Federal student loan forgiveness in exchange for working in public service is an attractive benefit and can be well worth the effort. Buckingham's Becca Craig offers some insight on navigating the program's many complexities.Read the article
February 05, 2020
Why Does Having Student Debt Feel So 'Bad' and Paying It Off Feel So 'Good’?
Understanding how your debt-paydown strategy fits into your financial and career plan will provide the comfort and confidence you need to move forward with a focus on your clinical aspirations.Read the article