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 a 529 Plan may not be the best way to support their education.
At Kenvin Financial Services, we can set up a College Savings Plan that works for your family. We offer programs that allow tax-free withdrawal of monies for college and a nice, predictable rate of return. We also provide asset protection against liens, bankruptcies and judgments.
And if your son or daughter doesn’t need the money for school, you can turn the plan into an extra, tax-free income stream. The money doesn’t have to be used for education.