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How cheap can you send your kids to a four year college or university?

April 15th, 2008 | Posted in Investing, Savings

How cheap can you go to a four year college or university?

A four year college or university is an important step in a successful career oriented life. It’s obvious that college graduates earn higher salaries than those who only graduate high school. College also stimulates the mind and leads the brain down creative avenues. College also gives you the opportunity to meet many unique people from different cultures and provide you with the opportunity to make job connections for the future. With this said, it’s obvious there are advantages related to attending college, but can everyone afford the rising costs of a four year degree? The average cost to attend a public university might be lower than you think, about $6,000, but this is still almost $25,000 over the course of four years. So just how cheap can you send your children to a four year post secondary school?

I’m here to tell you that you can pay for your childs four year college education for a one time payment of $1,000 and about $1 per day. This might not sound like a lot of money to pay for college and it’s not. That’s right for $1,000 and the cost of a cup of coffee you can send your child to college. How did I arrive at these numbers?

You’ve heard it all before from about every financial advisor and money guru around but I’m going to tell you again. The key is compounding interest. With your $1,000 deposit into a mutual fund and another $30 per month your money will grow to over $24,000 in about 18 years.

What an awsome gift to give your child, a completely paid for college education to get their life started. So don’t wait another day find a trusted financial institution and get that mutual fund started today!

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