One of the biggest decisions we face in life is, “will I be going to college,” Not only is it a weighty decision that may control many outcomes in our life, but we often make the choice at an extremely young age. Most just ask, “Should I go to college?” For the most part, we’ve touted going to college as the greatest necessity to be successful in our country. However, with recent changes to the economy and the rapid growth of technology, views are evolving as fast as the next generation of iPhones. According to recent reports, college is no longer a ‘prerequisite’ to success that it once was.

Funding your children’s college education is among the popular financial goals that parents set for themselves. Since this can be a huge investment, it is worth the time to carefully plan so that you can ensure that whatever method is chosen, it will be useful. The best way to prepare for a child’s college education is to start planning early – as soon as the child is born if possible. However, not all parents have the desire or the discipline to begin planning at birth. Whatever method is chosen, the aim should be to set aside enough funds to ensure that your children can attend college when the time arises without having any significant disruptions in your financial life. 4 Ways of Funding Children’s College Education The most common methods of funding children’s college education include savings, scholarships and grants, financial aid and student loans or mortgages. Savings Financial institutions […]