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Brycast Financial Planning, LLC
    Registered Investment Advisor Firm
College Education Funding      

Higher education has gotten very expensive and maybe unaffordable to many families. Parents should realistically look at higher education costs, and determine whether or not they can afford to pay for 100% of their child’s education. If you have more than one child, it might be a bitter pill to swallow if you determine that you cannot afford to pay for all of your children’s college expenses.

 

Current estimates to send your child to the University of Texas-Austin and live on campus are $22,464 to $27,168 per year, see UT Costs .  Over the past decade, public college costs have risen about 6.9%. If your child starts today and takes 5 years to graduate, it could cost over $155,000 for their education.

 

Unless you are a multi-millionaire, $155,000 is a significant portion of your wealth.  And if you have more than one child that you want to put through college well…do the math.  
 
To help parents prepare for funding their chidren's college education, I've started to write short summaries about different plans. Please click on the link below to read a brief summary. If you would like more details about the plan, Brycast would be happy to help.