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With the new student loan forgiveness program under the Biden plan, it's crucial to understand how to save for college and manage student loans. In this newsletter we’re providing insights on starting a college savings plan, tracking expenses, choosing a target amount to save, and selecting the right account, such as a 529 plan. Additionally, we offer guidance on determining how much to spend on college based on current expenses and future goals. Lastly, we touch on planning for loan payments and the benefits of early repayment.
If you missed our series on retirement, you can still access the issues. For Retirement, Part 1 - Retirement Savings, click here. For Retirement, Part 2 - Social Security, click here. For Retirement, Part 3 - The Retirement Paycheck, click here.
If you would like assistance in planning for college, we are here to help you stay On Course!