Finance Rules: EBW Financial News Radio

March 1episode

Howard Pressman Helps Us Plan Ahead for Paying for College


Much has been written about the cost of a college education, and the debt burden being placed on our children. In fact, 2014 college graduates have the dubious distinction of carrying the highest student loan debt in history.

According to the “Wall Street Journal,” today’s grads are saddled with, on average, $33,000 in student loans — nearly twice the amount of just 20 years ago. Start factoring in advanced degrees or more expensive schools, and you can see how the cost can quickly spiral out of control.

What can you do to keep this from happening to your kids?

That is what CERTIFIED FINANCIAL PLANNER™ Howard Pressman of Egan Berger & Weiner is here to tell us on the Finance Rules Radio Show. He explains:

  • While parents have a lot of competing priorities when it comes to saving, where do you suggest they start?
  • What example can you share of how one of your clients has been successful at balancing saving for college and saving for their own retirement?
  • Is it a good idea to include children in the college funding process?
  • What are some options — like 529 plans and prepaid tuition — that parents can put into place to save for their children’s education?
  • Is there a down-side to any of these programs?
  • On a personal note, what have you done to put away money for your daughter?

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