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Why Save for College?
Education is expensive, but what will it cost to go without an education?
- By 2018, 67% of all jobs in Colorado will require post-secondary education.1
- Over the course of a lifetime, the earnings difference between a high school diploma and a bachelor’s degree adds up to a million dollars.1
- Currently 86% of all jobs in the job market require at least a two-year degree.1
- Higher education leads to higher earnings. College graduates earn over 60% as much during their working years as high school graduates.2
- You’ll gain information and skills that you'll use for the rest of your life, no matter what career you chose.3
- Furthering an education even after entering the workforce can lead to promotions or productivity gains enjoyed by both employees and employers.
Starting soon can have a big impact!
College costs have been rising at double the inflation rate.4 If this continues, this means that kids born today will be looking at costs that are three to four times current prices by the time they go to college. But don’t panic! We can help.
Luckily, there is good news, too!
- Through a combination of savings, income, loans and scholarships, college can be attainable.
- It is never too late to start saving: saving at any age gives you the stepping stones toward your goal.
- It’s been proven, those who open 529s and save regularly, save more than those who do not.3
- It’s less expensive to save for college than to borrow. When you save, the money can earn interest , but when you borrow, you end up paying the interest.4
Start saving today and you will be on the road to a better future for the special children in your life, or even yourself. Every little bit will help!
1 http://cew.georgetown.edu/jobs2018/