When your child goes to college, where would you expect them to live?

• At Home

• In a dorm

• In an apartment

• Anywhere but at home

According to a recent survey by The College Board, the average four-year, in-state public college education now costs more than $60,000 with private school costing closer to $142,000. For room and board, the average college student pays between $8,000 and $9,500 a year. Typically, $2,500 to $4,500 of that total pays for food.

So while scholarships, financial aid and student loans all can help, it's important to have a sound plan for how you'll be able to afford to help put your children through college. There are many ways you can save, and each has its own distinct advantages.

Certificates of Deposit (CDs) are a great way to guarantee a higher rate of return than an ordinary savings account, and let you plan for the short (as little as 30 days) or long term (up to 7 years). In addition, laddering multiple CDs may improve the liquidity of your college savings while reducing interest rate risk. However, there may be early withdrawal penalties if you are forced to pull money out before its maturity.
College-specific savings investments such as 529 plans are available at a low cost, allow high contributions and provide tax-free earnings1 to pay for college expenses. Other college investment and savings options include Coverdell Education Savings Accounts and Uniform Gifts/Transfers to Minors.

One way to help lower your debt and consolidate all your bills into one, is to call Debthelper.com @ 800-920-2262. We can negotiate for you to lower interest rates and combine all your accounts to 1 monthly payment. Saving you hundreds, if not thousands of dollars in interest. Call us to find out more.
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