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Investing for College Costs in a Pandemic

Saving for college has always been a challenge, especially since college costs increase much faster than inflation. Now, parents and students face additional hurdles as they prepare for a college experience that is very different from their plan.

How can parents and students plan to pay for college amid a pandemic? This is a great learning and research opportunity for your children. Discuss the budget for school and how the pandemic may have impacted their options. With fewer activities and less travel, you have more time to explore schools virtually together and discover in detail the types of scholarship or other financial opportunities schools offer.

One could argue that a future filled with uncertainty has always been the norm, and that is why college savers should make sure to have a comfortable financial “buffer.” Avoid stretching finances to the max, taking on excessive debt or forgoing retirement contributions to fund a child’s college expenses.

Sarah Goldberg
Sarah Goldberg

Sarah is a seasoned financial market expert with a decade of experience. She's known for her analytical skills, attention to detail, and ability to communicate complex financial concepts. She holds a Bachelor's degree in Finance, is a licensed financial advisor, and enjoys reading and traveling in her free time.

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