Schooling America: Education Preferences Are Changing, And So Are The Funding Strategies

Ben and Brent take a stroll across the shifting landscape of education in the US.  The demand for private education is increasing as popular college funding plans become much more flexible.  College tuition inflation seems to have hit some resistance as high school graduates become more discerning.  Things are changing and mostly for the better!  

 

Join your hosts of The Money Alchemists podcasts to learn more about the state of education in America. 

 

For more questions, email us at [e-mail]

 

Infinite Wealth Planning:

www.InfiniteWealthPlanning.com

National Wealth Management:

www.nwmgadvisors.com

 

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Sources:

College costs:

https://www.bestcolleges.com/research/college-costs-over-time/#:~:text=The%20average%20cost%20of%20college,1963%20to%20%2414%2C307%20in%202021.&text=That's%20accounting%20for%20inflation.

 

History of 529:

https://www.collegesavings.org/history-of-529-plans

 

Ohio EdChoice:

https://education.ohio.gov/Topics/Other-Resources/Scholarships/EdChoice-Scholarship

 

College Tuition Lookup:

https://www.collegeboard.org/college-cost-calculator

 

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Disclosure:

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. Economic forecasts set forth may not develop as predicted and there can be no guarantee that strategies promoted will be successful. This information is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation. Brent Gargano is not affiliated with LPL Financial.

Prior to investing in a 529 Plan investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other state benefits such as financial aid, scholarship funds, and protection from creditors that are only available for investments in such state's qualified tuition program. Withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.

 

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