College Planning

College tuition isn't just another expense – it's an investment in your future. Whether you're looking to fund your own education or are thinking about ways to provide for a child's tuition, it's vital to consider the opportunities an education can offer. A degree is an unparalleled advantage when entering the working world.

Of course, college isn't cheap – and the cost is rising. That includes books, which can be a considerable expense. And campus housing costs are increasing right along with rent and mortgages for the rest of America. The social aspect of college is undeniable. It's a wonderful time to meet and learn from new and diverse people. However, social and entertainment activities also cost money.

Luckily, you can take steps at any time to lessen the impact of college expenses on your budget. If you're years away from sending your children to a university, setting aside money for that day is one of the best gifts you can give them. Graduating free of loans allows them to pursue their dreams unhindered by debt. If you're only able to pay for a portion of their education, you can still take advantage of prepaid state tuition plans, which help lock in expenses and reduce the burden when the time comes.

For all the other situations in between, a combination of state assistance, scholarship funds, and other sources can make the possibility of a college education more real than you may have thought. Never assume a college education is out of reach without exploring the possibilities with an advisor who can explain your options.

If you plan for your retirement through a GAFRI company, we now offer Tuition Rewards™, a unique tuition scholarship program that can benefit you and your loved ones. GAFRI has partnered with SAGE Scholars, Inc., an education-funding and information provider specializing in college savings and tuition planning, to offer Tuition Rewards. Tuition Rewards offers a scholarship for up to one full year of tuition per designated-related student at participating colleges. Through your annuity’s Account Value, you earn points toward a college fund for future generations. This program can provide an amazing benefit for children in your family—and the benefit costs you absolutely nothing.

Watch a presentation or view the brochure to learn more about this beneficial program.

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