Education Funding

Once you've considered your basic needs (home ownership, insurance and an emergency fund), you can start planning for greater life goals such as your child's college education.

For many of us, providing the opportunity to send a child or grandchild to college is one of life's greatest dreams. But considering that college costs are increasing at a much higher rate than inflation, the earlier you start saving, the better.

In fact, the average cost of a four-year public university (including tuition, fees, and room and board) is expected to rise 5% each year, which means today's cost of $45,841 would be $110,323 in just 18 years.*

Meeting a financial goal like this isn't impossible. It just takes planning, which means starting early and investing consistently.

To get an idea of your personal situation, use our college planning calculator. And when you're ready to put a strategy in place, contact one of our financial advisors.

* Source: Edward Jones. The College Board.