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3preCsoenltlsege Saving Strategies

While education costs continue to rise, so does the value of a college degree
Interest-bearing college saving plans can help you keep up with rising tuition costs
Saving for education expenses could lower your tax burden now and in the future

The numbers are staggering: 71% of students come out of college with loans, with average debt per
graduate at $29,400¹ and a monthly payment around $351.² Combined student and parent education

debt of $1 trillion nationwide exceeds all outstanding credit card balances combined.³
These statistics aren’t that surprising, considering four years at a private university just topped $169,000.4

The good news? Higher education continues to offer a significant return on investment, with college
graduates earning twice as much as those without degrees.5

With student loan debt and education costs at all-time highs, many parents struggle to make the right
tradeoffs between keeping their kids out of debt and staying on track to a confident retirement.
Check out

www.ameripriseadvisors.com/raymond.t.watson/insights/3-college-saving-strategies/
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