Achieving our educational dreams
A Scholar’s Edge 529 Plan can help provide you with the opportunity to plan for and achieve your education savings goals.
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The benefits of higher education
Studies show that the higher the level of education achieved, the higher the average salary earned and lower the unemployment rate.
Source: U.S. Bureau of Labor Statistics, Current Population Survey, 2023. Salary reported as median weekly earnings, data was annualized.
A rising bar: Education costs remain high
College costs continue to rise over time. The average undergraduate cost is now over $24,000.
This trend is unlikely to reverse in the near future.
Source: U.S. Department of Education, National Center for Education Statistics. Digest of Statistics, 2023.
*Includes: tuition, fees, room & board. All institutions incudes two and four-year institutions, both public and private.
Note: Constant dollars based on the Consumer Price Index, prepared by the Bureau of Labor Statistics, U.S. Department of Labor, adjusted to an academic-year basis. For public institutions, in-state tuition and required fees are used.
An impact to your wallet
Education costs compared to inflation
Over time, college costs have routinely outpaced inflation. As a result, education is taking a bigger piece of overall spending.
Source: Commonfund Institute: Higher Education Price Index (HEPI) 2024; U.S. Bureau Labor Statistics Unemployment Rate.
The education savings gap
People tend to underestimate how much they need to save for higher education expenses
What parents hope they’ve covered
67%
of total future college cost
Don’t forget, tuition is just the tip of the iceberg
Room and board, books, laptops and clubs should be factored into any budgeting discussions about education
Source: CollegeBoard, Trends in College Pricing 2024.
Based on public four-year, out-of-state, on-campus post-secondary education costs.
Financial aid is getting harder to come by
While costs continue to increase, the pool of alternative financial aid is decreasing.
Source: College Board Trends in College Pricing and Student Aid 2024.
Scholarships help, but they only cover a fraction of education costs
Average four year scholarship amounts
Athletics scholarship
$18,013
4 year average
Merit based scholarships
$12,088
4 year average
Need based scholarships
$3,960
4 year average
Learn
It’s easier to achieve educational goals with the right planning. Learn the advantages of a 529 plan and how it can be used to benefit you.
Save
Investing in education savings now can help shape the future. Save for education with an experienced financial professional.
Start saving today
Dream big. Learn more. Save for the future.
Take the first step in securing your loved one’s education today with the Scholar’s Edge 529 Plan.
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