With the rising cost of college, parents are having the talk (the college savings talk) now more than ever with their children. According to a survey of parents, half will discuss saving for college with their children ages 7-12 and 80% will discuss college savings plans with their teenage children.
How to Curb the Cost of College
Whether your child is in diapers or in drivers ed, you can curb the rising cost of college. Choose a college savings plan that matches your priorities. There are a range of options, from 529 savings or prepaid tuition plans to custodial accounts, gifting or other tax-advantaged strategies.
A financial advisor will help you understand your options and what will work best with your time frame. Remember, the sooner you begin saving, the better. Even modest savings can add up over time.
College is closer than you think. Curb rising tuition prices with Busey. For a savings strategy for your family, stop by one of our many convenient locations today or call 1.800.67Busey.
Investing involves risk and you may incur a profit or loss regardless of strategy selected. Be sure to contact a qualified professional regarding your particular situation before making any investment or withdrawal decision. You should discuss any tax or legal matters with the appropriate professional.
Securities offered through Raymond James Financial Services, Inc., member FINRA/SIPC, and are not insured by any financial institution insurance, the FDIC/NCUA or any other government agency, are not deposits or obligations of the financial institution, are not guaranteed by the financial institution, and are subject to risks, including the possible loss of principal. Raymond James is not affiliated with the financial institution or the investment center. Busey Investment Services is independent of Raymond James Financial Services, Inc.
This material is being provided for information purposes only and is not a complete description, nor is it a recommendation. Any opinions are those of Busey Investment Services and not necessarily those of Raymond James. The information has been obtained from sources conserved to be reliable, but Raymond James does not guarantee that the foregoing material is accurate or complete.
Busey Investment Services
100 W. University
Champaign, IL 61820