College Funding
Making College Dreams a Reality
Like most people, you have dreams for your children and know the importance of a college education in making those dreams a reality. Today, the average cost of attending the University of Minnesota is $22,584 (with room & board), and the average cost of a private college in Minnesota is $46,327 (with room & board).
Although paying for college usually comes from a number of sources (federal loans, grants, and scholarships), saving as early as possible is more important than ever. Saving for college can seem overwhelming, but every contribution you make toward your child’s education adds up over time. The important thing is that you start saving and stick to your plan.
Below are two examples of college funding. One is for a private college, and the other is for a state university, putting away $200 each month per child. The examples illustrate the funding necessary for each and at different stages in your child’s life. Advanced Financial Consultants understand the need for proper planning and good investment choices. Let us help you get started.
Example: Students at U of MN Twin Cities
Example: Students at U of St. Thomas
(1) One Stop Student Services for Estimating Your Costs for 2015-2016. University of Minnesota. onestop.umn.edu
(2) Tuition and Fees Listed Prices for 2015-2016. Minnesota Private College Council. mnprivatecolleges.org
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