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THE BEST TIME TO PLAN FOR COLLEGE IS: THE YOUNGER THE BETTER.

1.The cost of a college degree is high, second only to a home mortgage.

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“College has never been more expensive–over the last three decades, tuition at four-year colleges has more than doubled, even after adjusting for inflation,” according to the Department of Education.

For the 2015-16 school year, the College Board estimated the average tuition and fees to be $9,410 per year at four-year, in-state public institutions, plus room and board at about $10,000 annually. When you total various scenarios, the average cost of a bachelor’s degree ranges from $52,000-$130,000 or more!

2.There’s a student debt crisis—student debt is at its highest point in history.

The average class of 2016 graduate with a student loan will owe more than $37,172, the highest level of debt yet. Almost 71% of bachelor’s degree recipients will graduate with a student loan, compared with less than 50% two decades ago according to the Wall Street Journal.

3.In terms of job prospects, college is more necessary than ever.

According to the Department of Education:

  • College graduates with a bachelor’s degree typically earn 66% more than those with just a high school diploma and are less likely to face unemployment.

  • The average bachelor’s degree recipient will earn about $1 million more in their lifetime than those without a postsecondary education.

  • By 2020, an estimated two-thirds of job openings will require postsecondary education or training.

If you have any questions about your financial, estate or retirement plan, call 800-313-Plan (7526), contact us, or email info@wealthpreservationllc.com.

Wealth Preservation, LLC in San Diego.

Contact Us To Start Planning Today!

Call 1-800-313-PLAN (7526)

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1-800-313-PLAN (7526)

stu@wealthpreservationllc.com

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