Estimating the Cost of College

It doesn’t take a degree in finance to see that the cost of college continues to rise.

In its 2021 report, the College Board showed that in-state tuition and fees at public four-year institutions increased by 9% in inflation-adjusted dollars between the 2011-12 and 2021-22 school years.¹

For many families, the lion’s share of education costs falls on the parents, and in some cases, the grandparents. Families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parental contributions to help cover the cost. There are also a number of resources that can help individuals prepare for college, such as the College Board website and the government student aid website.

If your child is approaching college age, a good first step is estimating the potential costs. The accompanying chart can help you get a better idea about the cost of college.

1. CollegeBoard.org, 2022

The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. It may not be used for the purpose of avoiding any federal tax penalties. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite is not affiliated with the named broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information, and should not be considered a solicitation for the purchase or sale of any security. Copyright 2023 FMG Suite.

Address

Get in Touch!

Check Us Out

Warranties

There are no warranties implied.

Disclosure

Motiv8 Investments (“RIA Firm”) is an investment adviser located in Port Saint Lucie FL. Motiv8 Investments may only transact business in those states in which it is registered, or qualifies for an exemption or exclusion from registration requirements. Motiv8 Investments’ web site is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of Motiv8 Investments web site on the Internet should not be construed by any consumer and/or prospective client as Motiv8 Investments’ solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet. Any subsequent, direct communication by Motiv8 Investments with a prospective client shall be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides. For information pertaining to the registration status of Motiv8 Investments, please contact the state securities regulators for those states in which Motiv8 Investments maintains a registration filing. A copy of Motiv8 Investments’ current written disclosure statement discussing Motiv8 Investments’ business operations, services, and fees is available at the SEC’s investment adviser public information website – www.adviserinfo.sec.govor from Motiv8 Investments upon written request. Motiv8 Investments does not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third party, whether linked to Motiv8 Investments’ web site or incorporated herein and takes no responsibility therefor. All such information is provided solely for convenience purposes only and all users thereof should be guided accordingly.

This website and information are provided for guidance and information purposes only. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy. This website and information are not intended to provide investment, tax, or legal advice.

Insurance products and services are offered and sold through Athletes Risk Management or “A.R.M.”.