Join
 
 

Education 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 college savings plan may be the best choice for you. We offer both the 529 College Savings Plan and the Coverdell Education Savings Plan. Call Mike Awwad, Financial Advisor registered through CUSO Financial Services, L.P. (CFS)* at Christian Financial Credit Union at 586.445.3651 today and he will work with you to develop the right plan for your child's future.

1. Investors should consider investment objectives, risks, and charges associated with Section 529 plans prior to investing. More information about municipal fund securities is available in the issuer's official statement which should be read carefully prior to investing. Most 529 plans are sponsored and administered by states. State tax benefits vary among the states, and some offer residents additional tax benefits if they invest in their own state plan. Consult your tax advisor for more information.

2. Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. Christian Financial Credit Union has contracted with CFS to make non-deposit investment products and services available to credit union members.