The college fund
your family keeps.
Parents can no longer borrow whatever college costs. If your child is eight or under, you still have time to build a fund you own instead.
Read the whole strategy first. Then decide.
The four ways to pay for college, what each one really costs, and which one fits your family. Free PDF, sent to your inbox.
There are only four ways to pay for college.
Each one costs your family something. Pick the cost you can live with.
- 1
Save
Locked to school.
Spend a 529 on anything but school and you owe tax and a penalty on the gains.
- 2
Borrow
Years of interest.
6.5%–9% a year, in your name, for ten years or more.
- 3
Earn it
Nothing is promised.
Scholarships, paying from income, a cheaper school. No one can promise them to a five-year-old.
- 4
Own
Takes ten years.
A life insurance policy built to grow cash. At 18, you borrow tuition from it. One review a year.
Three families each set aside $6,000 a year. Here’s how it turns out.
Same money, same years. One family uses a 529, one borrows, and one owns a life insurance policy built to grow cash.
The one hard rule: start before your child turns eight.
The policy needs about ten years to grow before the first tuition bill. Start at eight and it’s ready at eighteen.
Which family is yours?
Middle class, carrying debt, child under 8
Best fitThe money you now pay in interest on debt funds the policy instead.
High earner or business owner, child under 8
Best fitPut in a lot, borrow most of it back, and the full amount keeps growing. An oversized 529 can leave six figures stuck.
Comfortable saver in a 529-deduction state
Often both: a 529 up to your state’s tax break, and the policy for the rest.
Grandparent funding a grandchild
Either a 529 in your name, or a policy that still pays for school if you pass away first.
Paycheck to paycheck
Not yet. Start with grants, community college, and paying as you go. The free book shows how.
Child 11 or older
Too late for college, but the policy still works as a retirement plan. The free book covers the other ways to pay.
Start with the free book.
All four ways to pay for college, with the numbers, so you can decide what fits your family.
- 1
Read the free book
The four ways to pay for college, what each one really costs, and the age-eight rule.
- 2
Check your child’s age
The policy needs about ten years before the first tuition bill. Under eight, there’s still time.
- 3
See the real numbers first
Ask a licensed agent for the insurance company’s own projection, bad years included, before you put in a dollar.