College is expensive but Private College 529 can help!
While I was growing up, my parents instilled in all of their children, the need to have an education. My parents themselves never graduated from high school and they never went to college, but they made sure that all their children had an education after high school. My parents weren’t rich and they saved and sacrificed so that we could have the best education that was available. I never took it for granted because I knew how difficult it must have been for them. When I had my own children, I made the same decision. I want what’s best for my children as all parents do. We look for the best elementary schools, we look at school ratings and some even decide to homeschool because it’s what’s they decide is best for their children. However, when it comes to a college education, homeschool isn’t an option. At least it isn’t for me.
College is expensive. there’s no ifs, ands or buts about it. Trust me, I know! My oldest is currently in her 3rd year of college and as a parent of 4, all in different stages of their education (college, high school, junior high school and soon to be elementary), I have to think about how I’m going to afford to send them all. Sure, there are government programs such as financial aid, and there’s student loans, but I would much prefer not to have my children be in debt before they have their very first job. It’s also my responsibility as their parent to have a plan in place so they can fulfill their dreams, and be whatever they want to be.
We all know that a high school education is no longer going to cut it in this world. An Associate degree generally doesn’t do much either. For many, in order to pursue a degree, they have had to take out student loans in order to pay for college, because their family didn’t save for this important life event. If there’s a way to help our children now, why wouldn’t you do so? Madison just celebrated her 5th birthday and to be honest, I worry that I might not be around when she’s ready for college, so I had to start thinking of how she’ll be able to attend if I’m not around.
That’s why I want to tell you about Private College 529. It’s a plan that offers prepaid tuition to nearly 300 private colleges across the USA, including Notre Dame, Stanford, Princeton, Duke and hundreds more. What I love about the Private College 529 Plan is that you lock in the current rate each time you contribute to your account. What that means for me is that, when I start a plan for Madison now, (because the sooner you do so, the better it is for you), when she’s ready for college, our rates will be much lower since we’ve locked them in now, instead of waiting until she’s ready to start college 13 years from now. We all know that the rates are just going to keep increasing and many of us might not be able to afford it then. This in effect is saving me lots of money, money we can now use towards family vacations. (There are other benefits that could be mentioned besides saving on the cost, such as paying no fees, no need to worry about stock market risk, and a benefit guaranteed by each of the nearly 300 participating colleges and universities.)
So How Do You Open an Account?
It is very simple to open an account and you can do it for anyone as long as you have the basic information such as the name, address and Social Security number of the beneficiary. It literally takes only minutes and you can open an account in several ways: online or by downloading a paper form, filling it out and mailing it back. You can also call and speak with a non-commissioned financial professional at 888-718-7878.
College is more affordable than you think, whether you have 1 child or 10, and it is possible to give them all a great education with the help of Private College 529. So let your children be children. Let them enjoy their youth and not have to worry about paying for college because you’ve already done the hard work. Take that first step and invest in Private College 529.
How important is your child’s college education to you?