Avoid College Cost Confusion
There are many reasons why parents put off saving for their child’s college education – but not many good ones. The decision to delay – or worse, not to save at all – is often driven by one or more myths or misconceptions about preparing for college costs.
These myths stem from concerns about hefty college costs, including the belief that tuition bills will be insurmountable, a lack of knowledge about the financial aid process and a misunderstanding of the impact that college savings – of any amount – can have on a family’s out-of-pocket costs when funding a college education.
However, once you know the facts, your perception about the true cost of college and your ability to afford it will likely improve. Starting early and saving often can make college affordable for many families.
Learn more about college savings strategies and 529 plans managed by OppenheimerFunds by visiting:
Investments in 529 college savings plans are neither FDIC insured not guaranteed and may lose some value. Some states offer favorable tax treatment to their residents only if they invest in the state’s own plan. Investors should consider before investing whether their or their designated beneficiary’s home state offers any state tax or other benefits that are only available for investments in such state’s qualified tuition program and should consult their tax advisor.
Before investing in a plan, investors should carefully consider the investment objectives, risks, charges and expenses associated with municipal fund securities. Plan disclosure documents contain this and other information about a plan, and may be obtained by asking your financial advisors, visiting our website at oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Investors should read these documents carefully before investing.
529 plans managed by OFI Private Investments Inc. are distributed by OppenheimerFunds Distributor, Inc. Member FINRA, SIPC.
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