Avoiding the Debt Trap for Your Child's Higher Education
It is the dream of many parents for their children to attend college after graduating high school. However, as many of us have experienced, the cost of higher education continues to climb and is making it difficult, if not impossible, for many families to send their children to college.
I witness this frustration in many of my clients as we work through financial plans to take care of their needs today and their goals in retirement, while also funding educational expenses for their children and grandchildren. It's increasingly challenging to guide my clients through a plan that will allow them to successfully navigate all of these goals, primarily due to the rising cost of higher education.
According to , the
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