Your child's senior year of high school is an exciting time in your family's life. It is not, however, the time to start planning on how your are going to pay for college. That should have happened many years earlier.
The accountants at Terry Lockridge & Dunn can guide you through the various ways to fund your child's or grandchild's higher education. Devising a plan, as well as keeping costs down are important. Attending even a state college can cost $20,000 or more per year in tuition, room and board, fees and books!
There are also tax credits and tax deductions available as you save, and then pay, for college. Paula Rogers, CPA, discusses 529 plans as well as tax credits/deductions in the video below. You can reach her via email at firstname.lastname@example.org.