Saving/Paying for College

This page contains frequently asked questions regarding saving and paying for college. Use the pulldown menus to reveal the questions, answers, and links to related webpages.

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What is the value of a college education?

It may surprise you that, on average, an individual with a bachelor’s degree earns approximately $57,026 per year, compared to the $34,197 average yearly salary of a worker with a high school diploma. Use this calculator to see the value of a college education.
http://finance.yahoo.com/calculator/loans/col05/

How much does college generally cost? (Find Out Your Net Price of College.)

Every college and university has an online net price calculator, but the tools can be hard to use and even harder to find. US News has links to net price calculators for about 300 of the top National Universities and National Liberal Arts Colleges.
http://www.usnews.com/education/best-colleges/features/net-price-calculator

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Where should I start?

Dos and Don’ts of College Savings: Knowing Financial Aid Rules is Key Given the Rising Cost of Higher Education. (Morningstar Personal Finance – 4/03/12)
http://news.morningstar.com/articlenet/article.aspx?id=542800

How much will I need to save? (College Savings Calculator)

Answer a few simple questions to estimate the cost of college and find out how much you’ll need to save.
http://www.schwab.com/public/schwab/investing/accounts_products/accounts/college_savings/college_savings_calculator

Are some 529 plans better than others?

Morningstar Names Best 529 College-Savings Plans for 2012 (Morningstar Personal Finance – 10/15/12)
http://news.morningstar.com/articlenet/article.aspx?id=570349

Are 529 plans right for everyone?

6 Big Myths About 529 Plans. Some common misconceptions about the popular college-savings vehicle. (Morningstar Personal Finance – 10/16/12)
http://news.morningstar.com/articlenet/article.aspx?id=570532

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How do I compare financial aid packages?

Avoid 5 Assumptions About College Financial Aid: As you compare award offers, understand what you’re looking at to make the best decision. (US News – 4/4/12)
http://www.usnews.com/education/best-colleges/paying-for-college/articles/2012/04/04/avoid-5-assumptions-about-college-financial-aid

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If we can be of further help, please contact the Blue Prairie Group Employee Financial Help Desk™ at (866) 813-5495. The help line is staffed from 8:30 a.m. to 5 p.m. CST Monday-Friday.

Blue Prairie Group is a multi-service, multi-disciplinary wealth management and investment consulting organization. As an SEC-registered investment advisory firm, we provide independent, third-party investment advisory services to individuals, corporations, foundations, endowments and not-for-profit organizations across the nation. For more information, visit Blue Prairie Group’s home page.