Higher education costs represent a significant financial expense for many families. Tuition, room and board, books and fees averaged $53,980 per year in 2019 at a 4-year private college, with the University of California costing $36,100 for an in-state student living on campus. Given that tuition and fees continue to increase at a higher rate than general consumer inflation, it is important to get the most out of your college savings.
Assess education funding needs
Recommend the most appropriate savings vehicle such as a 529 plan or custodial account (UTMA)
Advise on 529 plan selection, investment allocation and other options
Evaluate savings distribution options
