College tuition costs represent a major family expenditure and those costs keep rising without abatement. There are various sources to help cover college expenses, but some place more of a burden on parents and students than others. Scholarships and grants are the best because they do not require repayment. Financial aid in the form of student loans is one way to cover costs, but they may not always be enough.
Savings, personal income, and personal loans often comprise a large portion of financing for college tuition and other related expenses. Because of interest, personal loans are a costly alternative. Savings offers parents the most control by gradually growing a college fund over a long period of time, which reflects advice to begin planning for college expenses as soon as possible.
About George Divel:
As president of Investments at Global Wealth Advisors, George Divel offers clients a broad range of financial capabilities. With access to Global Wealth Advisors’ extensive and sophisticated resources, he provides such in-depth services as equity research, asset management, and domestic and international debt offerings.
Securities and advisory services offered through Capitol Securities Management, Inc. Member FINRA & SIPC. A registered Broker/Dealer and Registered Investment Advisor.
Savings, personal income, and personal loans often comprise a large portion of financing for college tuition and other related expenses. Because of interest, personal loans are a costly alternative. Savings offers parents the most control by gradually growing a college fund over a long period of time, which reflects advice to begin planning for college expenses as soon as possible.
About George Divel:
As president of Investments at Global Wealth Advisors, George Divel offers clients a broad range of financial capabilities. With access to Global Wealth Advisors’ extensive and sophisticated resources, he provides such in-depth services as equity research, asset management, and domestic and international debt offerings.
Securities and advisory services offered through Capitol Securities Management, Inc. Member FINRA & SIPC. A registered Broker/Dealer and Registered Investment Advisor.