College Planning
At Champion Wealth Management we understand the importance of investing in higher education and the financial impact it can have on your children’s financial future and your retirement savings. According to the U.S. Census Bureau, in the year 2009, the average male college graduate, aged 25-34, earned 85% more than the average male who completed only high school or had a General Education Development (GED) certificate. Among women the same age, college graduates earned 111% more than non-graduates.
Today there are more people in the work force with a college education than any other time in US history, and the increased demand for higher education has driven the price of tuition through the roof. Whether your child is a newborn or 15 years old we can help you construct an investment plan to help them acquire their invaluable college degree.
(Based on average tuition and fees for 2010-2011 as reported by The College Board® and assumed to increase 6% annually.)
According to The College Board®, the average 2010-2011 tuition increase was 4.5 percent at private colleges, and 7.9 percent at public universities. The ten-year historical rate of increase is approximately 6 percent. These figures are substantially higher than the general inflation rate. They are also higher than the average increase in personal incomes. The chart doesn’t take into account other expenses such as, food, clothing, books, transportation, or dorm room.
Website Resources:
Mississippi 529 Plan
Preparing for/funding a college education
Complete the FAFSA form online
Guide to financial aid
Student and parent loan information
Free scholarship searches
Free SAT and ACT prep
Aptitude Testing/school matching