Education Funding

The increasing cost of private school and higher education is well documented, and a variety of solutions can help you meet the challenge. We’ll examine which approach might be best for you, given projected costs, available funds, and current ages of the children or grandchildren you wish to support.

Families spent an average of $25,313 for the 2021-22 academic year.

• 87% of families used income and savings to cover college costs.
• 73% of families used scholarships and grants.
• 41% of families used borrowed funds, including student loans.

~ “How America Saves for College” Sallie Mae, 2022.