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Helping Your Clients Through the College-Planning Process

By: ETFdb
Other than retirement, college tuition is the biggest investment goal that your clients will likely face. What’s more, this investment is in their most precious asset—their children. Many parents worry about planning for college, and for valid reasons. According to the College Board, the average cost of tuition and fees for full-time in-state students at public four-year universities is $9,970 for the 2017-2018 school year. Keep in mind that the cost is for in-state schools and does not include room and board or books. The average private school tuition and fees for the 2017-2018 school year jumps to $34,740. When you multiply those numbers by four years and throw in the average annual rate of 3.2 percent college inflation, this certainly is cause for stress.
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