Education Planning

Education Planning

With the cost and value of a college education increasing at a rate more than double that of economic inflation, funding a child’s education has become a central theme in the financial plan of parents and grandparents. Families planning to help fund a child’s or grandchild’s education expenses need to assess the many options available, as well as the tax consequences and relative benefits each of these options provides.

In addition to quantifying the total funding, we discuss the options available and develop cost effective and tax efficient strategies to help families meet their education funding goals. Some of the common strategies we employ when developing an education funding plan include:

529 college savings plans, Education Savings Accounts (also called Coverdell’s, ESAs or Education IRAs), trust accounts, UGMA/UTMA accounts, federal and private loan and grant programs, and scholarships.

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