Financial advisors shouldn’t neglect financial aid planning for clients concerned about the cost of higher education, even if those clients have ample incomes.
With the average total cost at private universities now topping $40,000 a year, according to the College Board, financial aid is increasingly available to high-income families. Harvard’s director of financial aid, for instance, has reported that the college has 600 families with incomes over $180,000 receiving grant aid, mainly because multiple children are enrolled at expensive schools.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access