Is College Savings One of Your Financial Goals?

One of the most common financial goals is saving for college for children.

With the high cost of a college education today a challenge for most parents, it makes sense to move past the conventional wisdom that everyone needs a four year college education to succeed.

What is success for your child? Does it involve a four year or graduate degree from a top university? Or would another type of program lead your child to success and fulfillment?

Be open to exploring all options for further education for your child. A less expensive alternative, such as a trade school or even an entrepreneur program, may suit both your child’s goals and your financial goals better.

Remember, the desired outcome of education is for your child to support herself in way that she enjoys while doing work that is fulfilling.

This Forbes article from Northwestern Mutual makes some great points for parents and students.

Education is an important financial goal for many families. But as parents and students know, paying the bill is only part of the challenge—students need to leverage their education to build a strong future. Read the rest of the article here…