risk vs reward
Reduction of Debt
current cash flow
Scholarships
families & friends
Grants and Federal
student loans
Pell Grants
Federal supplemental Educational Opportunity
Ohio Instructional Grant
Hope scholarship and Lifetime Learning Scholarship
Fastweb.com
Education
Funding Analysis
The table below illustrates the funds required for your children's education
based on the following assumptions:
Annual education expenses
(in today's dollars)...................$5,000.00
Portion of expenses you plan to provide.......................................100%
Annual rate of inflation..........................................................................5%
You may meet future education costs by:
1. Investment of a lump sum of capital (Initial capital required, $22,442)
2. Monthly deposits to a saving or investment fund
....(Monthly deposit required, $183)
3. Combine present fund with monthly additions
....(College
fund balance, $0; monthly additions needed, $183)
4. Paying educational expenses with taxable income out-of-pocket ($85,439)
To facilitate the accumulation
of required capital, you should consider with your attorney the possible advantages
of a short-term trust or other device that will have the effect of removing
any taxable income or growth from your tax return.
Top
<Back
Next> |
