Paying for college is rarely an all-or-nothing proposition. Few students receive full scholarships and, for many families, paying the entire cost of a four-year college education directly from disposable income or accrued savings is not an option.
For most families, paying for college involves a three-pronged approach:
- Financial Aid
By starting early and saving often, your clients can reduce future out-of-pocket costs. And remember to tell them they don’t have to save the entire amount. The message is: the more they save, the less they and their children will need to rely on loans.
Learn more about college savings strategies and 529 plans managed by OppenheimerFunds by visiting: