College prep has hit the playground set. Recently, the word ‘college’ and the conversations surrounding it are being introduced at a very early age. According to a recent report from The New York Times, children as young as first grade are already selecting colleges and universities they wish to one day attend.
However, the road to college takes more than studying hard and sending in applications. As mothers, what we also need to ask our kids is: ‘How will you get there?’ Financial planning is a crucial component to the college prep process. According to the Wall Street Journal, the average student in the class of 2014 graduated with a student-loan debt of $33,000. As the challenges and costs of paying for higher education continue to grow, saving now can have a big impact later. Session highlights include:
- Betty's personal story about saving for her kids' college education
- Getting started: what is a 529 plan?
- Incorporating saving into your college planning
- 529 plan resources: www.collegesavings.org
