Education

 
If your child is just entering his or her teenage years, a college education could end
up costing between $120,000 to over $245,000, depending on whether your child attends a public or private school. And if you have a newborn, that figure nearly doubles – to the $200,000 to $400,000 range, according to the College Board.
That’s serious money!
 
If you haven’t put together a plan, there’s no time like now…particularly with college costs rising at an average of six percent a year. Barker Financial will help you overcome “sticker shock” with firm strategies. We will:

• Evaluate your family’s education goals: the number of years you have left to plan, the resources, and the costs.
• Provide you with the pros and cons of each education-oriented savings program: 529 Plans, GMA/UTMAs, Coverdell ESAs, education IRAs, grants, scholarships, and student loan alternatives.
• Give you an action plan to keep your education funding on track and provide regular updates on your progress.

Through aggressive saving and careful planning, you’ll be more than ready when your son or daughter’s college years roll around.