Investment Updates
4 Tips For Assembling A College Savings Plan
Published Tuesday, February 11, 2014 at: 7:00 AM EST
Sooner or later, most parents hoping to send their children to college must face a harsh reality: It's going to take a boatload of money to pay for four years or more at a top-flight college or university.
This is especially true as the cost of a higher education continues to outplace inflation, according to the College Board. It's not unusual for tuition and fees at an elite private college to exceed $40,000 a year.
If you hope to save some, or all, of that hefty sum, you'll need to start early. Even then, you'll have several options in terms of how to proceed. One of the foremost authorities on college savings plans is the Financial Industry Regulatory Agency (FINRA), the largest independent regulatory agency in the country. Here's a summary of four tips from FINRA:
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