Importance Of College Saving Essay
College saving tips from parents
Learn how parents are managing the burden of saving for their children’s education and meeting saving goals.
When it comes to college tuition, many parents find it difficult to make a saving plan that works. With the rising costs of education, and with more students choosing to attend graduate programs, the financial onus on parents is greater than ever. In fact, over half of the parents surveyed on the most recent Fidelity College Savings Indicator
Study indicated that they are not on target to meet their saving goal. To help, here are some tips from seasoned parents on how to save for college.
1. Educate yourself to eliminate fear and uncertainty.
With 60% of parents indicating that they are either “scared” …show more content…
Those gifts can add up, especially when invested properly in a 529 plan.
Consider providing an online link for gifts to your child’s college saving account for seamless deposits, and watch your savings grow, instead of the typical birthday and holiday gift clutter.
3. Engage your child in the discussion.
Making your child part of the college saving discussion is an important step. Keith
Bernhardt, vice president of college planning at Fidelity, suggests families bring children into the discussion before high school. “Gather as a family to discuss your resources, expectations, and what's possible based on where you stand financially,” says Bernhardt.
“You might be surprised by their response.” Of the 59% of parents who have talked with their children about college costs and saving, almost 70% report positive action being taken as a result. Also consider continuing the conversation as a family with your financial advisor.
Saving for college can be a daunting task. To see if you’re on track to meet your goal, use
Fidelity’s college savings
Learn how parents are managing the burden of saving for their children’s education and meeting saving goals.
When it comes to college tuition, many parents find it difficult to make a saving plan that works. With the rising costs of education, and with more students choosing to attend graduate programs, the financial onus on parents is greater than ever. In fact, over half of the parents surveyed on the most recent Fidelity College Savings Indicator
Study indicated that they are not on target to meet their saving goal. To help, here are some tips from seasoned parents on how to save for college.
1. Educate yourself to eliminate fear and uncertainty.
With 60% of parents indicating that they are either “scared” …show more content…
Those gifts can add up, especially when invested properly in a 529 plan.
Consider providing an online link for gifts to your child’s college saving account for seamless deposits, and watch your savings grow, instead of the typical birthday and holiday gift clutter.
3. Engage your child in the discussion.
Making your child part of the college saving discussion is an important step. Keith
Bernhardt, vice president of college planning at Fidelity, suggests families bring children into the discussion before high school. “Gather as a family to discuss your resources, expectations, and what's possible based on where you stand financially,” says Bernhardt.
“You might be surprised by their response.” Of the 59% of parents who have talked with their children about college costs and saving, almost 70% report positive action being taken as a result. Also consider continuing the conversation as a family with your financial advisor.
Saving for college can be a daunting task. To see if you’re on track to meet your goal, use
Fidelity’s college savings