“Education is the most powerful weapon which you can use to change the world.” ― Nelson Mandela
A 529 College Savings Plan is an excellent savings solution.
Engage Skloff Financial Group to develop an education savings plan to meet your needs.
The Value and Cost of an Education
The median earnings of workers aged 25 and older with a Bachelor’s Degree was $61,400 in 2015, approximately 67% higher than those with only a high school diploma.
The median earnings of workers aged 25 and older with a Master’s Degree was $75,200 in 2015, approximately 104% higher than those with only a high school diploma.
The median earnings of workers aged 25 and older with a Professional Degree (like a law degree) was $110,900 in 2015, approximately 201% higher than those with only a high school diploma.
The median total cost for a public four-year in-state education for 2016-2017 is $24,610 per year versus $39,890 for a public four-year out-of-state education per year.
The median total cost for a private nonprofit four-year education for 2016-2017 is $49,320.
Source: College Board