Oxford Harriman & Company
Education Planning
Saving for retirement and college at the same time is challenging for most families.
The cost of college represents a significant financial expense for many families, with private university annual costs now exceeding $70,000 in some cases. It is well-known that college tuition has increased at a significantly higher rate than general inflation.*
*National Center for Education Statistics (NCES), as reported by BestColleges.
Therefore, it’s important to plan and start saving early for the cost of higher education. You have a number of options to pay for college, and the sooner you start saving, the more money you may have when the time comes.
Oxford Harriman & Company can help you evaluate your college funding options, as well as develop and implement your college planning strategy.
Our education planning services include:
- Assess education funding needs
- Recommend the most appropriate savings vehicle such as a 529 plan or custodial account (UTMA)
- Advise on 529 plan selection, investment allocation and other options
- Financial aid planning and how to title assets to potentially maximize financial aid
- Evaluate financial aid and merit awards from colleges
- Evaluate and compare public and private loan options to pay for college
Please consider the investment objectives, risks, charges and expenses carefully before investing in a 529 savings plan. The official statement, which contains this and other information, can be obtained by calling your financial advisor. Read it carefully before you invest.
