With school back in session in most of the country, many parents are likely thinking about how best to prepare for their children’s future college expenses.
While it’s a fair bet that most parents and guardians will be filling out the dreaded FAFSA (Free Application for Federal Student Aid) as part of their college application ritual, crossing fingers for a favorable outcome on that process isn’t anyone’s best bet.
We have put together a handy primer with some introductory lessons and key details to prepare anyone looking to successfully plan and pay for their children’s college experience. Read on for more about:
- The rising cost of a college education
- The impact of inflation on the cost of higher education
- Risk management and Opportunity cost
- Diversification and Goal setting