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College Planning

After saving for retirement, saving for  your children's higher education will probably be your most important savings goal. 

After saving for retirement, saving for  your children's higher education will probably be your most important savings goal. 

With college costs skyrocketing every year, it's important to start saving for your children's higher education as early as possible. 

There are a variety of tax-advantaged college savings options out there. The choice you make could have a major impact on you and your child's ability to afford the school of their choice and receive financial aid if it's required. 

Canby Financial's team of experienced financial planning professionals can help you weigh the pros and cons of these options and make the smart choice for both you and your child. 

Contact us to learn more. 

Whether your high school senior is getting ready to attend college or your recent college graduate is embarking on a career, it’s important for them to have the skills they need to manage their own money responsibly. 


 

Beyond grants and scholarships, the federal government offers several kinds of educational tax benefits that many people are not aware of.  



 


David Jaeger explains how recent changes to FAFSA may benefit financial aid applicants who receive money to help pay for college from grandparents or other friends and family members.


 

You want to retire comfortably when the time comes. You also want to help your child go to college. So how do you juggle these two objectives?  


A SECURE Act 2.0 provision may enable college graduates to convert money originally meant to pay for their higher education costs into money to help them save for retirement. 


You may have to pay a significant portion of your child's college costs out of pocket. Where will this money come from?  


Starting in 2024, a SECURE Act 2.0 provision will enable employers to help ease their employees' student loan debt