Education Planning

Providing educational opportunities for future generations

Our team clearly recognizes the role education plays in your hopes for your children. After all, our advisors have all faced the task of planning for their own children's educations.

According to the College Board, for the 2010-2011 academic year the average annual cost for a four-year public college was $19,595, while the average annual cost for a four-year private college totaled $40,476. These total figures include tuition and fees, room and board, books and supplies, transportation, and personal expenses. These costs are expected to increase approximately 5% to 8% annually.

While financial aid and scholarships can often supplement a portion of your child's college costs, student loans make up the largest percentage – usually more than half – of typical financial aid packages. The more you can help your children decrease their student loans, the less burdened they will bear in their post-college years.

A variety of savings plans designed specifically for college funding are available. Our advisors can help you evaluate the tax implications and benefits of the various options as they apply to your particular situation.

*Some information on this page has been provided to us by Forefield, Inc., an independent third party. Raymond James Financial Services, Inc. does not provide advice on tax, legal or mortgage issues. These matters should be discussed with the appropriate professional.

The Education Planning section at RaymondJames.com offers a great comparison chart to explain the differences between the various education plans available through our firm. Visit the website and check out our handy College Savings Calculator to determine an estimation of what you have the potential to save.

For more information on these topics, contact us or visit Where to Learn More.

Free Application for Federal Student Aid (FAFSA)
Advice to Students Regarding Their College Payment Options
Explore Other Education Planning Resources