The College Board (R) estimates that the average tuition and fees for 2014-2015 among Private College Institutions is $01012301234,012345600 . Assuming an increase of 5% annually the estimated expenses of enrolling in a 4-year private institution in 2033 is approximately $01230120123,012345678900. These figures also do not include other costs such as housing expenses, supplies, and transportation.
It’s safe to say that putting a child through college may be one of the largest expenses any one person or family undertakes in life. There are a myriad of options available to you when choosing how to save for college and each method has benefits and potential drawbacks. We at Centurion Wealth work closely with you to help choose the right savings plan or program to help you plan for your future in education or the future of your loved ones.