Credit: Getty Royalty Free
If you have children, back to school is likely to be on your mind and possibly how you’ll pay for future college bills without leaving them deep in debt. So what can you do? Depending on their stage of life, here are some ways to reduce the burden of student loans on your children:
Young children: Save
Assuming you have no high-interest debt, an adequate emergency fund, and are on track for retirement, it can’t hurt to start putting some savings away, especially if your child is still young enough to benefit from years of savings and investment earnings. You can use this college savings calculator to estimate how much to save each month. Then check out this breakdown of t…
Read the full article at: https://www.forbes.com/sites/financialfinesse/2018/09/05/how-to-help-your-children-minimize-future-student-loan-debt/