Education Planning Realities
According to CollegeBoard, the current cost of college compared to that of 30 years ago, after adjusting for inflation, is now 2.02x as high for in-state, public four-year institutions and 1.75x as high for private nonprofit four-year institutions.
Student Loans and Planning Considerations
There are many nuances to student loans that are important to understand, whether a client or child of a client is coming to you with existing loans, or contemplating taking out new loans for further education. Decisions surrounding student loans can impact other areas of a client’s financial plan, such as their progress toward other goals, life insurance coverage needed, and even tax filing status. Here, we delve into characteristics of different types of loans, and some planning considerations.
