Most families spend more time planning a vacation than they do in creating and following a realistic plan to fund your child's college education.
The college funding strategy should only be one part of your overall financial plan. If you have not started thinking about college funding for your children, then now is the time. Have you heard of the 529 Plan? It is one tax advantaged way to help fund your child's college education.
In Georgia, the Hope Scholarship, a lottery funded scholarship program, is responsible for helping many students find their way through college. Many states have similar programs.
When is the best time to start planning?
I am a fan of business television broadcasting and a clear benefits of this type of broadcasting is that more people understand the power of compounding growth. Just think about what the velocity of money can do to secure your future. It does require time, so the best time to start planning and saving for college is immediately after your child is born. Don't forget to let the Grand Parents know that the college saving account is open and ready for their help. How can they say no?
Get Creative and ask for advice to find college money.
College Fund Resource, LLC is a local company run by Karen Powell that specializes in finding creative way to send your children to college. Karen is a true professional with years experience and she knows her business. She offers a free workshop on "How to cut the Cost of College", and additional information on how to "Market your Athletic Skills for College Funds" and a guide to "Boost your Scholarship Strategy".
Feel free to pass this link along to anyone you know that is looking for ways to fund their children's college education. If you have not planned far enough ahead, it may come down to drawing money from your home and if that is the case, you know where to find me.
Take the time to watch the video below from the Street.com TV (2:33min).
