The future of student loan forgiveness proposals is still under debate highlighting the need to save for college.
The last two years of high school are important for college-bound students to prepare.
For high school freshmen with college as a long-term goal, the high school years are a critical time to focus more on preparing for college.
Some families may not fully understand the price of tuition and fees, leading them to underestimate or overestimate what will be needed. And students may be reconsidering their goal of higher education because they believe it’s too expensive.
Families need to be aware of certain legal documents, such as a healthcare proxy, that should be in place before a student leaves for college.
Tax season can provide a good reminder that 529 plans offer significant tax benefits for families looking for fund college education.