The Plan to Save for Your Child’s Future

The Plan to Save for Your Child’s Future

The high school graduation clock starts counting down as soon as your child is born. The golden ticket that is a college degree can offer your child a bright future and prosperous career, while giving you the peace of mind that everything will be ok. However, planning to save for this bright future is tough for many families. According to Sallie Mae, only 6 in 10 parents are saving for college, and although savings have been the highest since 2013, most families only have $18,135 saved towards higher education.

Continue reading

Are You Hoping for a Scholarship or Financial Aid? Read This!

Are You Hoping for a Scholarship or Financial Aid? Read This!

Back in high school I had a lot of friends who I played baseball with, and many of them had dreams of pursuing the sport at the college level so they could eventually move on to the MLB. One friend in particular had offers from many schools, however the schools that offered him a spot on their teams did not offer a scholarship with the spot.

Continue reading

How Michigan Launched a College Savings Program That Jump Started the 529 Plan Across America

How Michigan Launched a College Savings Program That Jump Started the 529 Plan Across America

If you’re a typical parent, it’s likely you’ve never heard of the Michigan Education Trust (MET) but it spearheaded the 529 plan movement. Proposed in 1986, this program was intended to “help parents guarantee their children the opportunity of a Michigan college education.” This new fund afforded parents the option to pay a nominal stipulated amount in return for the state agreeing to pay tuition at any Michigan public college.

Continue reading