Educational Planning

WHY IS A COLLEGE EDUCATION WORTH IT?

Universities are getting less state support these days and the additional costs are being passed on to you. But the cost of college shouldn’t be a factor when your child graduates high school. A degree is a valuable tool. According to the U.S. Department of Education, young adults with a bachelor’s degree earn an average of $16,000 more a year than a person with a high school diploma. Now is the time to start planning for your child’s future. What if he wants to go out of state? What if she gets a full scholarship? The Texas Tomorrow Fund or… Read more

BORROWING PUTS BURDEN ON COLLEGE GRADUATES

Walking across the stage to get that degree is a moment of celebration. But two-thirds of students graduate with loan debt and the average amount owed is $26,600, according to a 2012 report by the Institute for College Access and Success. If your child graduates owing that amount, he or she can expect to pay roughly $150 a month on student loans for the next 20 years. That might not sound like a lot but, consider this, the starting salary for a teacher in Texas is $34,000. Add a car payment and living expenses and the bills start to add… Read more

Is a 529 Plan or the Texas Tomorrow Fund the right choice for your College Savings plan?

Like most parents, you have big dreams for your child’s future and planning for college is a big aspect to that. As you begin looking at various savings plans, ask yourself these simple questions: Can you guarantee that your child will receive a full scholarship -covering all college expenses? Will you want to or be able to pay for your child’s college tuition out of your income? Are you planning to apply for financial aid to offset your child’s college tuition? Can you guarantee that your child will go to college? If you answered no to any of the questions… Read more