Forbes magazine contributor Tim Maurer acknowledges that the rising cost of a college education has reached a crisis point. He points out that the cost of education has risen at approximately 2½ times the rate of inflation since 1985. That’s all the more reason to be sure you’re thinking ahead and have a policy and plan for funding your child’s education. Maurer suggests the following steps for maximizing the college experience while minimizing costs.
- Be honest with yourself and your kids about what you can afford.
- Decide if and how much you’re willing to pay.
- Develop a family education policy
- Fund your education policy with an appropriate savings plan
Maurer offers recommendations for specific vehicles and provides insight for planning and funding your child’s education. For the full article visit