Getting into college is just half the story. Funding it takes planning. 

Quality education is a doorway to a successful career and social mobility. Yet, education is also the second-biggest expense in a lifetime, right behind housing. And budgeting for education can be tricky. You may not be able to predict your child’s or grandchild’s future education choices but you can start to plan for the following risks: 

  • Escalating school or university fees 
  • Diminishing quality of life to pay back student loans 
  • Early withdrawal from school due to a lack of funds 
  • Having to tap into your retirement savings 

Key Considerations For Funding an Education

Access an interactive checklist that provides you with an assessment of 20 of the most important planning issues to consider when funding your child's education.

Why is Education Financial Planning Necessary?

Hedge Risk

Secure Child's Future

Avoid Debt

According to the Federal Reserve, American student debt stood at a crippling $1.74 trillion as of Q3 20231. And it is bound to increase even more with a growing number of parents unable to fully fund their children’s education.  

At Samalin Wealth, we eliminate the guesswork surrounding education funding. Backed by a team with over 100 years of combined experience, we customize robust strategies tailored to your income, investment portfolio, and financial aspirations, establishing a dependable pathway to realizing your child's educational dreams.

How Do You Build Your Child's College Fund?

Five Steps to Start

  • Be slow, smart, and diversified

    By working with a team of financial experts you can lessen the stress of student debt for your child. In the process, you can also reduce the financial shock of any educational expenses to your own portfolio. 

  • Set the Right Goals

    Estimate the amount you need today to reach your goals. Consider the escalating costs of a college education, which usually triple every 17 years given the average rate of inflation and other factors

  • Know that No Two Plans Are Alike

    It would not be advisable to copy your friend’s or colleague’s education financial plan. Your plan should be curated to your unique situation: type of education/college, current savings, college start date, expected income increase, and so on.

  • Make Regular Contributions

    Once you have decided on a plan and investment mix, it’s time to start. Exercise the financial discipline you need to set aside money for your education fund every month like clockwork. If you start missing them, we can help you to get back on track. 


  • Stay Updated

    As your financial commitments and life situation evolve, you may have to reassess your education financing plan. It's always a good idea to monitor the markets and your portfolio regularly to keep your plan optimized.

Give Your Child Access to the Education of Their Choice

Here's why Samalin Wealth is your expert to tackle planning for education funding costs:

Guide to the Right Goal 

 According to the College Board, for the 2023–2024 school year, the average total cost of attendance at a four-year public college for in-state students is $28,840, while the average cost at a four-year private college is $60,420.  We help you set the right expectations to build your child’s education plan on a solid financial foundation. 

Growth with Flexibility 

We will set objectives for your portfolio to target a competitive rate of return. Your plan will be adaptable to incorporate new investment opportunities as they emerge.

Presenting the Best Options 

We will review with you the various options available for building an education financial plan, including custodial accounts, 529 plans, Coverdell ESA, Roth IRA, tax benefits like lifetime learning credit, and more. 


Education is a significant investment in your child's future. By helping them avoid the harsh weight of student debt, your child can pursue rewarding career paths, achieve financial independence, and experience greater fulfillment in their lives.

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