Developing a Funding Strategy

Pre-Funding the Cost

We strongly recommend that you consider pre-funding the cost of college by following these steps:

  1. Determine the amount of money you want to have saved by the time your child is ready to start college. This is determined by what you can afford, how much of the total college cost you want to fund, or both.
  2. Determine the monthly investment needed to complete the pre-funding program.
  3. Invest this monthly amount in an appropriate investment vehicle (see the section Investment Vehicles).
  4. Don't stop making the monthly investment until the last tuition payment is made sometime in the senior year of college.

This pre-funding strategy spreads the cost of college over a long period of time instead of waiting until the child begins college and incurring the cost over an intensive four-year period. This strategy helps you maintain your lifestyle in light of the college costs that are expected. It also enables you to benefit from the growth of your capital offered by a long-term investment program.

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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Heartland Bank and Heartland Planning Associates are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Heartland Planning Associates, and may also be employees of Heartland Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Heartland Bank and Heartland Planning Associates. Securities and insurance offered through LPL or its affiliates are:

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