How to Balance College Planning With Your Other Financial Goals
When your child starts kindergarten, college feels like a distant concern. But fast-forward a few years, and suddenly you're facing the reality that higher education costs are climbing faster than most family incomes. With the average college student and their families paying $13,760 out-of-pocket for the 2023-2024 academic year, it's no wonder parents feel pressure to start saving early and save aggressively. Here's the challenge: college planning doesn't happen in a...
Common Educational Planning Mistakes to Avoid
Education planning mistakes can quickly snowball into expensive headaches. Learn how to anticipate and avoid them with help from Avior. According to the Education Data Initiative, tuition rates for public, four-year universities increased by nearly 40% between 2011 and 2023, with a 2.64% average annual tuition inflation rate. Needless to say, education planning matters today more than ever. While education planning stretches beyond college to vocational instruction, certifications, personal development, and other forms...
Secure Your Child’s Education With Life Insurance
Learn how you can leverage life insurance for education planning with the right strategies. Did you know the average cost of a four-year college increased by 36.70% between 2010 and 2023? To make things even better, the annual college tuition inflation rate sits at an average of about 3.63%. To wrap it all up, the cost of college tuition alone has increased by nearly 200% since 1964. These numbers, alongside other factors, should...
Navigating Market Trends for Education Funding
Setting the right financial goals for your family’s education plans requires a close look at the market. The right education plan can spell the difference between a smooth college experience and a disastrous headache, and that’s why 75% of parents in 2024 have started helping their children save for college early. Building a solid education savings strategy involves thinking through and appropriately navigating the many different savings vehicles available, tax implications, roadmaps...
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