University Or College Tuition Strategies

University Or College Tuition Strategies https://learningcentre.statefarm.ca/finances-1/college/university-or-college-tuition-strategies/ bb3 Sep 7, 2011

By Staff writer State Farm™ Employee

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State Farm can help you find ways to make post-secondary education more affordable. We understand that tomorrow's tuition bills can be overwhelming, and we're here to help.

Here are some ideas to get you started.

Start Saving Right Now

The longer the time frame you have to save, the more you can potentially benefit from compounding interest on your principal.

Be sure you set monthly savings goals, and don't deviate from them. To meet those goals, devise a savings plan.

Investigate Financial Aid

A variety of financial aid programs are offered by the government, as well as from the university of your choice. Visit your library for helpful books on financial aid sources, and surf the Internet for websites that do the same.

Take A Second Look At Your Insurance Policies

Make sure you have enough life insurance to ensure that your or your spouse's death doesn't prevent your children from obtaining a post-secondary education. 

Dislcosures

*Mutual Funds are not insurance products and are distributed through representatives of State Farm Investor Services (Canada) Co. State Farm Investor Services (Canada) Co. is a separate legal entity from State Farm Mutual Automobile Insurance Company, or any of its insurance affiliates.

Please read the applicable simplified prospectus before Investing. Commissions, trailing commissions, management fees, and expenses may be associated with mutual fund investments.

Mutual Funds are not guaranteed, their values change frequently and past performance may not be repeated. Mutual fund securities are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer.

Neither State Farm nor its agents provide tax, legal or investment advice. Please consult a tax, legal, or investment advisor for advice regarding your personal circumstances.