Parents must be careful of the advice they receive when it comes to the best way to pay for college. Unfortunately, many parents do not fully explore all of their options; therefore, taking a “Gambling” approach to funding a college education. The best thing a family can do is research all of their options before making naive decisions.
Why do we work so hard to save our money only to turn around and give up complete control of our very own savings? Most families have little or no savings for their children’s college education. For those families that do have savings, most give up control of their money by depending on government sponsored programs such as Section 529 saving and prepaid tuition plans while chasing rates of return. |