How Do You Save Money For College?
“This is financial adviser Patrick Munro talking about how to save money for college. Saving money for college is very difficult to do because college doesn’t go on sale just because there’s a recession in America. One of the things I’ve noticed out there is many people look for scholarships. In fact, only 3.2 percent of the overall money that’s available for college is through scholarships, and those that are looking for those scholarships, it’s a very competitive arena. Average college costs for a four year program is sixty five thousand to a hundred and thirty two thousand dollars for a four year program. And it’s important to make sure that you save the money for college using savings vehicles. Normally these are mutual funds, 529 plans, and of course CDs and such. There are various consulting services that will help you get the real money for college from the endowment funds. One of the most dependable ones that I’ve found is called ‘I Can’. And I Can is a company that you can con
