College Savings Plans
Whether the child in your life is 13 years old, 10 months old, or due any day, it’s never too soon to start planning. Thinking about the costs involved in a child’s education can be overwhelming, but the earlier you begin saving, the longer your money can work for you. Making prudent investment decisions can also make a big difference.
Once upon a time, college was a dream some parents had for their children and a goal youngsters might have for their future. That was then. Today, college isn’t just a dream; it’s practically a requirement.
Unfortunately, this greater earning potential is coming with an ever-increasing price tag. Today, the four-year cost of many private colleges is well over $100,000, according to the College Board. With tuition and fees rising 4% annually, the cost of a four-year education in 2035 could top $360,000 for a private school and almost $180,000 for a public school.
A college education for your child or grandchild is still attainable, but it is not automatic. The good news is, there are strategies that can help make it happen. The most important thing you can do is to start planning today. Your financial consultant knows the questions to ask and has the answers you need.
Schedule a free, no-obligation appointment today and make the college dream a reality for your child or grandchildren by contacting [email protected] (Oregon), [email protected] (Byron), or [email protected] (Byron).
To best serve you, Byron Financial Services has two offices that have full or part-time representatives.
- Byron: At Byron Bank (815-234-4075)
- Oregon: Corner of Highways 2 and 64/101 N. 4th St. (815-732-1528)
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker/dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Byron Financial Services are not registered as a broker/dealer or investment advisor. Registered representatives of LPL offer products and services using Byron Financial Services, and may also be employees of Byron Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from and not affiliates of Byron Bank or Byron Financial Services. The Byron Financial Services site is designed for U.S. residents only. The services offered within this site are offered exclusively through our U.S. registered representatives. LPL Financial registered representatives associated with this site may only discuss and/or transact securities business with residents of the follow states: AR, AZ, CA, CO, FL, GA, ID, IL, MD, MN, MO, NC, NV, OR, SC, TN, UT, WA, WI, and WY. Securities and insurance offered through LPL or its affiliates are: