Searching for and choosing the best means to pay for college requires increasing diligence as tuition costs rise and finding employment immediately following graduation remains a challenge. Ameriprise financial advisors are available to discuss ways newly admitted college students, recent graduates and their families can better prepare for the financial impact of a college education. Potential topics include:
- How to determine the affordability and total cost of attendance at different institutions
- The benefits and drawbacks of different saving options, including 529 plans and other investment accounts
- Additional sources of funding including federal and private loans, grants and scholarships
- What to consider when evaluating student loan repayment options
- Suggestions for recent grads on saving, investing and establishing credit
Tips for parents whose children “boomerang” after graduation