- calendar_month December 14, 2021
- folder Current Real Estate, RE News
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529 plan, american families, college, college fund, debt help, families, higher education, investing, student loans, university
The Problem
It’s no secret that there is a growing crisis in the U.S. that affects almost all of us, especially our kids. Student loan debt is at an alarming rate and continues to rise exponentially. Young adults are beginning their independent lives already crippled with tens of thousands of dollars in debt, simply because they pursued higher education. Many families have no other options to fund their tuition than by taking out loans. Parents are also taking on more debt to help their kids go to college. In fact, parent borrowing has tripled over the last 25 years.
The national student debt has grown a staggering 602.5% since 2003, bringing our current collective student debt to $1.73 trillion. As the amount of debt snowballs year after year, and college tuition continues to rise (overall, tuition has risen 28% between 2008-2019, and that’s after adjusting for inflation), the question of paying for college becomes increasingly daunting. If you don’t want your child (or yourself) to amass student loan debt, what options do you have?
Saving for college with something like a traditional 529 savings plan seems like a straightforward approach. But is it actually your best option? Though it may be a surprise to hear this, a 529 plan may not be a piece of cake. There’s a high probability it won’t yield the results necessary for paying for tuition, either. How can this be combatted?
The Solution
What if you could earn money for college with a low-effort “side hustle” that has lower risk and higher yield than a 529 plan? What if this method also allows you to build generational wealth and will provide the funds for your child’s tuition, room, board, books, and expenses to be covered while they get their education? This IS possible, and you can learn how from us.
Find out how investing your money wisely in income property will secure funds for your children’s future. We will give you all of the steps and information needed to take action and begin collecting. Even if you’re not sure this plan is for you, we will show you opportunities you may not realize you already have. Going into debt to provide for your child is not your only option. This is information you can’t afford to miss.
Visit NoMoreCollegeFunds.com and we will send you an informative handout with the key information you need. Together, we can put a stop to the student loan debt crisis.