Is college in your future?
Education is important at Northwest Community
A child’s college education may be one of the most worthwhile pursuits a family can achieve.
Talk to a Member Service
Specialist at Northwest Community Credit Union if you have concerns about financing a
child’s education. We want to help—whether you plan a child’s education before birth,
a few years before college starts, or just before classes will begin. It’s best to plan
major life events before they happen, so we suggest a free financial planning meeting with
one of the financial consultants at Northwest
Financial Resources. If you are experiencing anxiety because college is just
around the corner, it’s never too late to ask about your options for educational funding.
College is more expensive than ever. Even in-state, public universities can cost
more than out-of-state, private colleges did just a generation ago. The average cost
for four years at an in-state school is over $40,000. The good news is that
there are more sources of educational financing than ever before. Some options to
consider: financial aid, tax-deferred investments,
scholarships, savings plans, and additional parent/student
loans.
Click here to learn about investing in a college education for
you or your child.
Starting college right away?
If a member of your family is about to enter higher education, it’s too late to save for
much more than perhaps a fraction of your schooling. Don’t panic there are still
plenty of sources for funding, from financial aid to student loans
to scholarships. You may want to get a
home equity loan through your credit
union—where interest is often tax deductible—or borrow money from your
401K pension plan.