College Savings Planner
As the price of education continues to skyrocket, saving for college becomes more important for many families. Here are a few tips to make the process easier:
- Get started immediately – Utilize compound interest. Saving a little bit now can grow into something more substantial later.
- Explore scholarships – There are many options available for students looking for extra help with college expenses. Contact your child’s high school guidance counselor or college admissions advisor to find out what scholarships are available for your child. Modern Woodmen members may be eligible to apply for the Fraternal College Scholarship Program.
- Learn about student loans and grants – More options are becoming available as the cost of college rises. Contact your child’s high school guidance counselor for information.
- Recommend a summer job – Many students save money through part-time jobs to fund all or part of their college educations.
Check out our college savings planner to calculate how much you should save each month to send your child to college.
|