Some would say that a college degree is just some proof that you’ve passed a few tests and by no means should it be panacea for having a good job and a good life. Besides, when you got people like Bill Gates and Steve Jobs, who needs college?
However, the general figures simply tell us that college grads earn a million dollars more in a lifetime than those who only boast of high school diplomas and GEDs. I don’t know about you but, I’d rather go with statistics here. And those with post-graduate degrees earn more than BA holders.
Thing is, that head start should be part of family plans. For many families, sending kids to college account for one of the greatest expenses in raising a child.
Sure the kid can always get college loans but they’re just means of being debt for a long time after they graduate. The Obama administration is trying to do something about that but until the laws are in place, you shouldn’t hold your breath.
Kids can also work every summer of their adolescent lives and still come up short. These only tell us that saving up for kid’s college education should start early. Experts would even say that it should start the day they were born.
In the US, there’s always a 529 plan for parents to tap. Some states even offer tax incentives if you’re a state resident. Baby’s on the way? Start planning for their future now.
I remember back in high school when the whole “where will you go to college” thing was the senior buzz. I had to opt for the cheaper state university. Quite frankly, I stood in envy of those who were rich to afford swankier colleges. Some of those who were not so rich at least had college funds to tap. And quite honestly, the paycheck difference shows. All because some parents are just more prepared than others.
