Paying for college is one of the most significant financial commitments many families with school-aged children make. With the cost of tuition greatly outpacing core inflation over the last few decades, many households are now forced to conduct a cost/benefit analysis when choosing among schools. Furthermore, families are now relying on a variety of loans, grants and other scholarships to help defray the spiraling costs.
SMS works with families to estimate their future higher educational spending and develop a plan that enables them to meet targeted objectives. This process also involves harnessing the tax efficiency of government-sponsored college savings vehicles. We may also identify opportunities where needs-based funding may be an option and how to best structure household financial assets to improve the potential for receiving aid.