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Private Wealth Management: The Complete Reference for the Personal Financial Planner, Ninth Edition, 9th Edition by Jerry Rosenbloom, G. Victor Hallman

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12

Education Planning

This chapter deals with various ways for financing the increasingly important and growing cost of education. Some of these strategies involve the advance funding of this important objective.

IMPORTANCE AS A FINANCIAL OBJECTIVE

Financing education expenses is clearly an important financial objective for many people. There are many reasons for this. Education costs are high and generally are rising faster than the rate of inflation. More people are attending colleges and universities, graduate schools, and other educational programs. Education costs are reasonably predictable, although what a particular person will do regarding his or her education is far from certain. Many plans are available for dealing in advance with education ...

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