3 Key Ways You Can Help a Child or Grandchild Pay for College
by Tony Drake, CFP®, Investment Advisor Representative
Sep 16, 2022
2 minutes
As college costs continue to rise, it’s becoming increasingly difficult for students to pay for it themselves. The total student loan debt in the United States has risen to a staggering $1.75 trillion. This has led many parents and grandparents to want to help carry a portion of their child’s or grandchild’s college debt. They shouldn’t jeopardize their own financial future by entering retirement with someone else’s student loan debt, though.
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