big ideas for global investors Search
   Members       Sign-up       Newsfeeds        Companies        Stock Directories       Research       Video       Funding   

What Wealthy People Know about Paying for College

The common mistake average Americans make when saving for higher education

August 27, 2014 ( newswire) College freshmen across the country are eagerly making their way to campuses across the country. However, even as they hang up their posters and sign up for classes, their parents anxiously eye their bank accounts and wonder if they are going to be able to foot the bill of four years (or more) of higher learning.

Nicole Mayer AIF® CDFA™ of RPG- Life Transition Specialist says, "The College Board states that one year of tuition and fees at a private university is over $30,000. For state universities, the price is over $8,000. No wonder the average student leaves college with nearly $30,000 in debt."

For most parents, such tuition costs are overwhelming. Even with scholarships and student loans, most students need a job or help from their parents. If you want to help your child attend college (which is truly a must in today's job market, make sure that you are saving money for school in the right way.

"Don't just put money in the bank," says Mayer, "People often think that only wealthy people have financial planners or use trust funds, but the reality is that you might be losing thousands of dollars if you don't save your money in the right way. Make sure you to keep your money in a tax-free account such as a 529, so that you can pay tuition with as many tax-free dollars as possible."

About Retirement Planning Group (RPG)

Located in Riverwoods, Illinois, Retirement Planning Group (RPG) is a financial planning firm committed to tailoring the retirement process for each individual client and providing financial education programs for corporations. With a 95% client retention rate over the course of 16 years, the experienced staff of financial professionals takes time to counsel each prospect and deliver a plan designed to meet each individual's specific needs. . They have been featured in esteem publications like the Wall Street Journal and Crain's Chicago Business. Retirement Planning Group is located at 2610 Lake Cook Road, Suite 250, in Riverwoods, Illinois. They can be reached at (800) 596-0253. Find them online at Securities and advisory services offered through National Planning Corp. (NPC), Member FINRA/SIPC. A Registered Investment Adviser. RPG and NPC are separate and unrelated companies.

Carolyn Blackman | Vice President
Empower Public Relations
625 N. Michigan Avenue- Suite 2500
Chicago, IL 60611
O: 312.854.8830
C: 630.220.0017

More Info: Newswire

This news is published on the Newswire - a global digital news source for investors and business leaders

Disclaimer/Disclosure: is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info:

Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: Global investors must adhere to regulations of each country.

Free News Alerts

Join Investor Ideas Members to access the Renewable Energy stocks directory, water stocks, biotech stocks, defense stocks directories and the Insiders Corner


Investor Ideas © 2000 - 2015®, ECON


login | logout | about us | contact | disclaimer / disclosure |
partners / links | job search | privacy policy |
advertise | trade | sitemap |