College Planning

Whether they want to be an astronaut, a doctor, or a lawyer, parents are always encouraging their kids to reach for the stars and aspire to be all they can be. Wouldn't it be great if parents could actually help make their child's dreams come true? It's possible, but not always easy.

As college tuition continues to rise, parents are concerned about the cost of higher education and how they are going to pay for it. That's why parents need to plan ahead for their child's future. After all, kids grow up fast.  One day they're learning the ABC's and, in a blink of an eye, they're packing up for college. Statistics show that tuition costs are growing almost as fast as your kids are, more than tripling in the past 20 years. The good news is, with time on your side, there are numerous options to help you achieve your goal of sending your child to college.

At CFCU, we are here to answer all your questions and give you an honest assessment of your options.  While there are many ways to pay for college, a solid college savings plan may be the best choice for you. We offer both the 529 Savings Plan and the Coverdell Education Savings Plan. Call (586) 445-3651 today to schedule a complimentary consultation with Ron Thompson, our registered CFS Investment Representative. During your appointment, Ron can help you identify your specific goals, your risk tolerance level and your time frame. Once these areas have been identified, he will work with you to develop the right plan for your child's future.

There are additional fees associated with 529 plans. Investments in 529 plans involve investment risks.  You should consider your financial needs, goals, and risk tolerance prior to investing.

Investment products and services offered through CUSO Financial Services, L.P. (CFS), are not NCUA/NCUSIF insured, are not credit union guaranteed and may lose value. Investment representatives are employees of Christian Financial Credit Union and are registered through CFS. Christian Financial Credit Union is affiliated with CFS (member FINRA/SIPC)