Develop A Game Plan For Meeting College Costs

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Develop A GamePlan For Meeting College Costs (NAPS)—Saving moneyfor a child’s college tuition is an invest- mentin the future. However, with ever-rising costs, the price tag of a university education could end up being more than whatyou paid for your home. According to 2000 College Boardstatistics, a college educa- tion currently averages about $42,000 for a four-year degree at a public college, and more than $90,000 at a four-year private school. Given the high cost, it makessense to start preparing for your children’s education now. Each family’s needs are different, and there are several ways you can create a college fund that It’s never too early to start putting money awayfor a child’s college education. should you die prematurely are is tailored to your particularcir- permanentlife insurance products, state universities offer incentive programs wheretuition can be pre-paid in installments—but then ular state university. Another way to help fund your child’s education life. In addition to death benefit protection, these policies can also provide cash value accumulation. To find out how life insurance and other financial products can help you help your children, speak cational IRA. Moneycan also be borrowed in For example, a New York Life representative can answerall your cumstances. For instance, some your child must attend that particis to purchase a tax-deferred Edu- student loans or from yourretirement nest egg. For some students, financial aid may be the way to go. Billions of dollars are made available each year by applying to grants, scholarships and work- such as whole life and universal to an authorized insurance agent. questions regarding setting up policies and putting money aside— for a child’s education or to help makesure your family is taken care of in a timeof tragedy. study programs. For more information, visit the Web site at www.newyorklife.com ensure that funds will be available to pay for your children’s education New York, NY 10010. Other products that can help or write to New York Life Insurance Company, 51 Madison Ave.,