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Planning Ahead With The RJF Team

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How many unfortunate stories about student loan debt have you heard recently? The numbers can be scary. Promising young students all over the country are graduating with upwards of $100,000 in student loan debt, and sometimes even more. It’s not likely to change—college tuition rates are only on the rise. In fact, they’re growing at a startling rate of 5% per year. Those are big numbers. What can your family do to help your children face the mounting cost of college?

The Robert J. Fisher team has answers. Let’s break down the problem.

The Cost Of College

At a 4-year public university, right now in-state tuition is about $15,000 a year. Private universities cost more, out-of-state tuition costs more, and that’s for a basic undergraduate degree. If your child wants any type of graduate degree, that will also cost more. What if your child takes the now-average 5 years to graduate? At the bare minimum, that puts the average cost of college right now at $75,000. With costs rising at 5% per year, in 15 years that number will become $155,919.

That’s a really big number. But, if you’re starting to wonder: each year of formal schooling after high school adds 5%-15% to annual earnings, so those high-dollar degrees are definitely worth it.

You Have Choices

While one could try to pay those crazy college costs out of pocket, even for a well-established parent, that’s a stretch. For a student, working without a degree, those numbers are virtually impossible to reach with lower-income jobs. Statistically, students that work while in school take longer to graduate and are more likely to drop out. Student loans alleviate this issue, but merely postpone the financial struggle until after graduation, when they are faced with looming student loan debt.

$100,000+ is an astronomical amount of debt for any young professional to enter the workforce with, and no parent wants that burden for their child. The question remains—how can you help?

Consider An Investment Property

An often overlooked potential solution for any parent looking to offset the costs of college is to consider the acquisition of an investment property. The equity created by such a property, over time, could even be enough to pay for a child’s college education. This process can be involved, so make sure to reach out to us to learn what to look for in an investment property, how to best capitalize on this concept, or even take a class on it. If you have more questions about how this program works, contact us today, or check out this flyer that covers the basics.

Ready for a plan that will give you control and follow your risk and time tolerance? The RJF team has a system that can help you get 80% of your child’s college paid for through real estate. Ready to learn more about our unique strategy? Contact the Robert J. Fischer Team today, or sign up for our 90-minute class on Jan 31st, “How To Have Someone Else Pay For 80% Of Your Kid’s College Through Real Estate.”

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