College Savings Planning

College savings planning is the process of setting aside money to cover future educational expenses. It involves assessing how much you need to save based on anticipated college costs, choosing appropriate savings vehicles (like 529 plans), and regularly contributing to those accounts. Financial forecasting plays a key role in estimating the growth of your savings over time, considering factors like inflation and investment returns. By planning ahead, you can reduce reliance on loans and make higher education more affordable for yourself or your children.