College Funding Strategies
Paying for your child’s advanced education requires extensive pre-planning – and for some, that planning starts from the moment they are born. Few students receive full scholarships, which is why it is important that you start looking for funding strategies early on so that you can comfortably afford to pay for their four-year college tuition.
The Traditional Three-Pronged Approach Doesn’t Work
Traditional funding strategies focused on a three-pronged approach:
- Financial aid
Mixing these three funding strategies, at the time, made sense. But, they often left parents or students paying outrageous fees and loans for the majority of their working life – diminishing the rewards of a college education and degree.
At Angell Capital Management, we explore all options for college funding – and we don’t use the common three-pronged approach. Instead, we assess your financial situation and how you can successfully contribute to your child’s education. Have more than one child you expect to send to college? Not a problem. We can devise a strategy that ensures everyone gets their fair share at higher education.
Avoid Unnecessary Loans and Fees
Not starting early and preparing for your child’s future means your child could rely heavily on student loans – and the potentially harmful interest that comes along with it. Students today pay interest toward their loans for decades and often start their professional careers in the red.
Tax Advantage to College Savings
Angell Capital Management looks for every funding strategy available and we of course consider the tax implications of funding for college. Even if you only contribute a few hundred a year early on, you can take advantage of tax benefits from 529 plans – and we will explore the risks and tax benefits to every savings plan imaginable.
Our team can help you manage your investments and revamp your financial strategy to include college funding. From establishing a 529 savings plan to readjusting your assets for less risk and higher returns, we look for funding at every angle.
Develop a College Funding Strategy in St. Louis Now – Contact Angell Capital Management
Don’t rely on student loans; instead, let Angell Capital Management help you start planning for your child’s education. Call us at 636-896-8000 or contact us online to learn more about our college funding and financial services.