by Diane VanDyke
Achieving dreams begins with planning today. One of the most important steps in preparing for your child’s future is financial planning for college. It’s never too early to start saving for your child’s education costs.
Montgomery County Community College is reaching out to assist families with this key step by offering a free financial-information program, “Making College Affordable,” on Thursday, Jan. 27, at 6:30 p.m. in the Community Room at West Campus, 101 College Drive, Pottstown.
This program will cover all aspects of financial planning for college, focusing on the actual costs of a college education, financial aid and funding sources through savings, scholarships, grants and loans. Learn about the myths of costs and financing college and how to make wise investment choices.
Guest speaker Pa. Treasurer Rob McCord will open the event with an introduction of the Pennsylvania 529 College Savings Program and the benefits for residents when saving for college.
“My kids will both go off to college within the next four years, so I take the stressful challenges of saving for college personally,” Treasurer McCord said. “Parents can reduce college expenses paid out-of-pocket or via interest-laden loans with Treasury’s Pennsylvania 529 College Savings Program – it’s a tax-smart way to invest in those you love.”
After the opening comments, two breakout sessions will be held. For parents of elementary and middle school students, a session will be held to discuss Pennsylvania’s two 529 college savings plans. Families will learn the differences between the PA 529 Guaranteed Savings Plan and the PA 529 Investment Plan to decide which plan will work for their needs.
For families with high school students, the College’s Financial Aid and Admissions staff will discuss the Free Application for Federal Student Aid (FAFSA) and financial aid process.