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What does College Really Cost?

Aug 25, 2021

Before buying expensive goods such as cars and homes, consumers have a very good idea of the purchase price and how they will pay for it. So why isn’t this true when it comes to buying a college education?

Four years of college can easily cost more than a car or even a home.  But too many consumers of education do not know how much it might cost before making the purchase.


It’s time to pack up and head off to visit a college campus. How can you make the trip worthwhile?

Some visits may be as simple as an informal drive to a local college. Others may be week-long excursions visiting several schools. No matter the complexity, advance planning will help maximize the return on your investment of time, money, and energy.

Here are a few tips to make the visits fun and informative.


Spoiler alert: It’s not even close. You should save for retirement first.

However - and this is a BIG however - you can do both. Setting up a college savings account alongside your retirement planning will benefit the whole family. You will give your child a great start toward college while you concentrate on building your nest egg for retirement.




Many grandparents want to help their grandchildren achieve their dreams of college. Unfortunately, how grandparents save or offer assistance can unintentionally reduce a student’s eligibility for financial aid. Knowing some of the rules in advance will ensure that a grandparent’s good intentions are fulfilled without penalizing the student.

If you are a grandparent (or soon to be one) here are a few things to consider when planning to help save for college.