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Advice for saving for college

February 11, 2010 by Alex Bellamy Leave a Comment

If you’re worried about saving for your children’s college education you’re not alone, according to a new survey.

The Futuretrust Hopes and Dreams survey found that 77 percent of fathers and mothers are concerned about college tuition costs. In addition, 29 percent of parents surveyed said that the rising costs of food, gas and other daily necessities is the single greatest obstacle they face when trying to save for their children to go to college, 18 percent said job loss or income reduction is to blame and 16 percent said they fear that even if they start now they won’t have enough.

"The survey shows that future college costs remain a real concern for parents, even when their children are years away from attending college," said Joe Hurley, Founder of Savingforcollege.com. "For most, the challenge will be met through a creative combination of strategies, including college savings plans, loans, grants and scholarships, along with budget adjustments."

One of the most common ways parents can save for college is by investing in a 529 plan, which is operated by a state or educational institution and is designed to help families set aside funds for future college costs. These can be either savings plans or pre-paid plans that allow parents to pay ahead for tuition at certain schools.ADNFCR-1662-ID-19604164-ADNFCR

Filed Under: Fertility

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Great Dad Talks

Great Dad Talks
Great Dad Talks

Great Dad Talks is a series of conversations with experts on all aspects of the family adventure. With the perspective that “dads don’t always think like moms,” our mission is to support dad voices and our slightly different approaches to parenting. We’ll try to find solutions to every day challenges like getting kids off the couch and making STEM classes available for both boys and girls. But we’ll also tackle bigger issues when they come. The one main theme will be to support dads in the most important role of their lives that of being a great dad.

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Hacking Life After 50 with Mark Barnes
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Tune in to this episode with guest Mark Barnes and delve into the topics of finding purpose, setting goals, and navigating life transitions. Mark shares his insights and personal experiences on how dads can continue to thrive and find fulfillment as their children grow up and their own lives shift. From planning for the future to staying curious and staying in shape, Mark provides valuable advice and strategies for dads in different stages of life.

Navigate life’s transitions with purpose and fulfillment by visiting Mark’s website: 10publications.com

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