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College or career training can be expensive. But it’s also a very good investment. Research shows that people with more education experience:
Most college graduates will earn back what they spent for a year of college in just 1 year of working. And the benefits don’t stop there. With higher earnings, college graduates not only have the opportunity to enjoy a more comfortable lifestyle during their working years — they also have the opportunity to save and invest more for a financially secure retirement.
Financial planning for college starts with understanding college costs (including tuition, fees, and room and board) and figuring out what resources you may have to help cover those costs. Starting your planning early will help you to make smart decisions—and make the most of your investment.
So pull your resources together, get everyone involved who may be able to help with paying for college or career training, and start planning.