Im looking for a plan so i can pay college to my kids, from now on, they are 5, 8 , 13 years old?
Question:
so you can pay in advance.
the 13 one is always High Honor Roll
Answer:
I wouldn't try and pay in advance, because you can't tell what universities your children will be accepted into. Instead, I would look into setting up 529 plans for your kids (or something like that -- talk to your accountant and bank about options).
Oh hi! My mom and grandparents started me a college fund! They donate money to it every month! You can try that!
see your insurance agent
ask for universal life or whatever they suggest
a good plan will build cash for school and insure your life
in case of a premature death still leaving cash for the children
try this - www.savingforcollege.com
I don 't know of any that you can pay in advance, payments is somethign that ya gotta wait on becuase they wanan know that the child got into the school and selected to go there and not elsewhere, plus the prices of the colleges change each year too. Your best bet is to put aside an account or a few accounts and jsut save the money, you can take a risk of investing in stocks buit don't put al lthe money in one place if you do that. If your child selects a state university and their state of residency they'll get a good education at a cheaper price. Selecting the university they'll go to now and paying ahead of tiem really isn't an option. Depending on financial status they may also get financial aid (loans and grants) when the time comes for that. If the 13 year old keeps his grades up throguhtout high school he may also get some money for that.
depending on your financial situation you can get grants and loans (subsidized and unsubsidized)
im not sure savings, 529s coverdale etc are a good idea they count against you when you apply for aid to the college
my child borrowed the basic 2400 each semester and i borrowed the rest on a stafford loan pretty painless unril he wanted to go to europe for a semester. 5years later and a masters its paid back and hes a vp of a bank
good luck
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