Slashing College Costs
A college education may be the single most important gift you can give your child. It’s a wonderful gift, and an investment in your children’s future as well as your own. It’s also expensive—and in some cases—cost-prohibitive.
Scholarships may cover some of the costs, but you can’t be certain that your child will be awarded one.
Thrivent and its affiliates offer products that can help to fund a college education, including mutual funds, Coverdell Education Savings Accounts, 529 College Savings Plans, custodial and savings accounts, and CDs.
Consider these ‘TIPs’ to help you save
Earn college credits while in high school.
Many states offer dual-credit programs where high school students can take college courses for free.
Work while you study.
Work experiences will prepare you for future employment, build your resume and help you stand out from the crowd.
Be a saver!
Save what you earn from wages. Delay major purchases. By “living like a poor college student” now, you’ll be able to start your post college years on better financial footing
The TIPs here may or may not apply to you, so if you want help figuring out what you should do, contact your Thrivent Financial representative who can help you make smart college-funding choices.
To learn more about saving and paying for college, contact:
Janet Geist, FIC, RICP, CLTC
You are advised to consider the investment objectives, risks, and charges and expenses associated with
529 college savings plans before investing. More information on 529 college savings plans is available in
the issuer’s official statement. Read the official statement carefully before investing.
You should investigate whether your state or your beneficiary’s state offers a qualified tuition plan for its residents and consider what, if any, potential state income tax advantages or other benefits it offers. Please consult with a tax professional to receive tax analysis of the investments.
Insurance products issued or offered by Thrivent Financial, the marketing name for Thrivent Financial for Lutherans, Appleton, WI. Not all products are available in all states. Securities and investment advisory services are offered through Thrivent Investment Management Inc., 625 Fourth Ave. S., Minneapolis, MN 55415, a FINRA and SIPC member and a wholly owned subsidiary of Thrivent Financial. Thrivent Financial representatives are registered representatives of Thrivent Investment Management Inc. They are also licensed insurance agents/producers of Thrivent.
Thrivent Financial and its representatives and employees cannot provide legal, accounting, or tax advice or services. Work with your Thrivent Financial representative and, as appropriate, your attorney and tax professional for additional information.
For additional important information, visit Thrivent.com/disclosures.