Planning ensures that your goals are met.
Risk Management protects your assets.
Portfolios are built with Modern Portfolio Theory.
~ Investing for a child, grandchild or friend with a educational tax-deferred growth account?
Education planning starts when you as a parent/grandparent look at the costs of private / College education for your children.
More than 4 out of 5 College students receive some form of Student aid. Parents need to familiarize themselves with the Federal FAFSA application. It determines your Expected Family Contribution (EFC). The College Scholarship Service (CSS) profile is generated by your processed FAFSA application. It is your starting point.
Once you know what your financial responsibilities are you then have several choices to fund the costs of putting your children through College.
Education funding can come from Savings or Gifts. 529 plans are now generally considered the best funding plan.
Grants, Scholarships, and Fellowships are gifts by organizations that do not need to be repaid.
Financial aid includes borrowing. Both parents and/or children can borrow.
Volunteering for National service can provide money for College. Also, each branch of the Military service provides Financial aid. The U.S. Department of Veterans Affairs provides information on educational benefits for Veterans and their dependents.