A college degree is one of the most important investments you can make. College graduates earn more than their peers without a diploma, to the tune of an average of $20,000 more annually. Yet the cost of obtaining a college degree is becoming increasingly more and more expensive. As a result, the majority of college students are facing student debt. Que the importance of scholarship awards – they are no longer considered bonuses, but crucial components of the strategy to pay for higher education.
According to many financial experts, you should be talking with your adult children about money, especially when it comes to planning the course your assets will take you are no longer here. Your estate plan can include gifts to said adult children as well as favorite charities and hopefully your church, as a reflection of how you lived your life.