Today's Officer - Winter 2007 - (Page 20) C O L L E G E S AV I N G S Funding your child’s college education can be a stressful and complex process. But parents can develop an effective and stress-free funding plan by planning ahead and understanding their options. College Savings By Phil Dyer, CFP 101 PHOTO ILLUSTRATION: DOUG STERN T 20 TODAY’S OFFICER Winter 2007/08 TIME — AS ANY PARENT KNOWS — PASSES FAR TOO QUICKLY. One minute it’s princesses and Power Rangers, and the next it’s prom and high school graduation. With higher education costs rising at nearly twice the rate of inflation, planning ahead can pay huge dividends in covering escalating college expenses. Unfortunately, many parents discover that time whisks their children to the threshold of college attendance before they have the chance to adequately prepare, and they spend their child’s junior year in high school scrambling to cobble together a college-funding plan. Don’t let this happen to you!
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