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 Investment Advisory Services are offered through LPL Financial, a Registered Investment Advisor, member FINRA/SIPC. Insurance products are offered through LPL Financial or its licensed affiliates. Heartland Planning Associates is a trade name of Heartland Bank. Heartland Bank and Heartland Planning Associates are not a registered broker/dealers and are not affiliated with LPL Financial.  The investment products sold through LPL Financial are not insured Heartland Bank deposits and are not FDIC insured.  These products are not obligations of Heartland Bank and are not endorsed, recommended or guaranteed by Heartland Bank or any other government agency. The value of the investment may fluctuate, the return on the investment is not guaranteed, and loss of principal is possible.  The LPL Financial representatives associated with this website may discuss and/or transact securities business only with residents of the following state: Ohio. Check the background of investment professionals associated with this site on FINRA's BrokerCheck.

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