Education Funding Planning
Integrating education plans into your overall financial strategy is key to prioritizing goals, managing resources, and minimizing student loan debt. We help clients, whether pre-retirees, business owners, or special needs families—find creative ways to cover education expenses without compromising other financial priorities.
There are many options listed below.
Integrating education plans into your overall financial strategy is key to prioritizing goals, managing resources, and minimizing student loan debt. We help clients, whether pre-retirees, business owners, or special needs families—find creative ways to cover education expenses without compromising other financial priorities.
There are many options listed below.
Tax-Advantaged Accounts
- 529 College Savings Plans
- Coverdell Education Savings Accounts (ESA)
- UGMA/UTMA Custodial Accounts
- Roth IRA
Creative Income Strategies
- Hiring Your Child in a Family Business
- Home Equity Line of Credit (HELOC
- Renting a Property Near College
- Utilizing Life Insurance Cash Value
- Borrowing Against a 401(k) or Pension Plan
- Salary Negotiation with Employers
Gift Strategies
- Family Gifting (Annual Gift Tax Exclusion)
- Trust Fund for Education (Crummey Trusts)
- Stock or Real Estate Gifting
- Inheritances or Legacy Planning
Creative Loan Strategies
- Parent PLUS Loan Refinancing
- Shared Loan Agreements
- ISA (Income Share Agreement)
- Grandparent-Owned 529 Plans
Alternative Funding Sources
- Scholarships and Grants
- Work-Study Programs
- Internships with Tuition Assistance
- Military and ROTC Programs
- Tuition Assistance from Religious or
- Community Organizations
- Student Crowdfunding
- Employer Tuition Benefits
Schedule a consultation to
Review your education funding strategy and explore how these solutions fit into your financial plan.