College Planning
Your Partner in College Funding Solutions
Our college planning services are designed to help you create a roadmap for funding your child’s education. We work with you to develop a comprehensive strategy that addresses your financial situation and goals.
Understanding College Costs
Saving for College
Financial Aid and Scholarships
Creating a College Budget
Long-Term Financial Impact of College Debt
College planning is a critical step in securing your child’s educational future. At Freedom Financial Planners, we recognize the importance of early and strategic planning to minimize costs and maximize opportunities. Our expert team is dedicated to helping you navigate the complexities of college funding, ensuring you’re prepared for the financial responsibilities ahead. With the right guidance, you can empower your child to pursue their educational dreams without the burden of overwhelming debt.
Securing Your Child’s Educational Future Through Strategic Planning
Early college planning is essential for reducing the financial burden of education. By taking proactive steps now, you can ensure your child has access to the opportunities they deserve without overwhelming debt. At Freedom Financial Planners, we’re dedicated to guiding you through the college planning process, providing the tools and resources needed to make informed decisions about your child’s future. With our expertise, you can secure a brighter tomorrow for your family.
Get Clarity On College Planning
When should I start planning for college?
Ideally, you should begin planning for college as early as possible—preferably when your child is young. The earlier you start saving and researching options, the better prepared you’ll be for the financial responsibilities of college. Starting early allows you to take advantage of compounding interest on savings and gives you time to explore scholarship and financial aid opportunities. Regularly reviewing your plan will ensure you stay on track as your child approaches college age.
What is a 529 plan, and how does it work?
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. Contributions to a 529 plan grow tax-free, and withdrawals for qualified education expenses, such as tuition and room and board, are also tax-free. There are two types of 529 plans: prepaid tuition plans, which allow you to lock in tuition rates, and education savings plans, which let you invest in various investment options. Working with a financial planner can help you determine the best 529 plan for your needs and goals.
Are scholarships and financial aid available for everyone?
While not every student qualifies for scholarships or financial aid, many options are available. Scholarships can be based on merit, need, or specific criteria like ethnicity or intended major. Financial aid may include grants, loans, or work-study programs, and eligibility is often determined by filling out the Free Application for Federal Student Aid (FAFSA). Exploring various resources, including college websites and community organizations, can help you identify available opportunities for funding your child’s education.
LOCATION
2025 Lakewood Ranch Blvd, Unit 102
Bradenton, FL 34211
Investment Advisory Services offered through Independent Advisor Representatives of Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a broker-dealer, member FINRA/SIPC, to residents of: AL, AZ, AK, CA, CO, CT, DE, DC, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, PR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WV, WI, and WY. Cambridge and Freedom Financial Planners are not affiliated.