Ready for some sticker shock on any upcoming college tuition bills you may have coming? Want to chat about how you may handle it?
MassMutual will be hosting a Twitter chat next Wednesday, Nov. 15, at 7:30 p.m. EST via the hashtag #CollegeSavingsChat. The discussion will be moderated by Jeff Cutler and include contributions from C.C. Chapman.
We’ll be looking at questions like …
- Why is it important to you to have your children attend college?
- If you could, would you fund 100 percent of your child’s education?
- When do you think you should start to save for your children's college education?
- How much do you think you should be saving monthly for your children’s college education?
- What is the biggest roadblock to saving for your child’s college education?
- What role will student loans play in your financial planning for college?
The average price for a full-time student at a private, four-year college is $46,950 for the 2017-2018 academic year, according to the College Board. That covers tuition, fees, and room and board. The price is substantially lower for in-state students at public schools, $20,770 for the year. Of course, financial aid can drop the cost a bit, to $26,740 and $14,940 respectively, based on the average private and in-state public college financial aid awards reported by the College Board.
How does such a bill get paid? Our MassMutual College Planning and Saving Study found that depending on background and priorities, different families take different approaches. But regardless of the approach it nearly always involves a team effort.
So join us next Wednesday via the #CollegeSavingsChat hashtag … because it may help at least prepare you mentally for the bills.
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