With the cost of tuition and other expenses rising, having savings for college is important as it can help reduce the burden of student loan debt, provide financial security, and allow you to pursue higher education
By starting to save as early as possible, you can take advantage of the power of compound interest, where your savings can grow over time and provide you with significant benefits in the long run.
This is a subject Robert Farrington is an expert on and as a Millennial Money Expert and Student Loan Debt Expert, he shared with us why it is necessary for parents and students to make better financial decisions when preparing for college.
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