By Echo Huang, CPA, CFP®, CFA
A college diploma opens the door to a lifetime of higher earnings. Based on Bureau of Labor Statistics, in 2016 dollars, Bachelor's degree holders earn nearly $1 million more over a lifetime than those who have only a high school diploma. Those with professional degrees earn over $2 million more. In addition, college graduates enjoy much better job security and opportunity, especially during economic downturns. Based on "The State of Entry-Level Employment in the U.S. March 2017" by The Rockefeller Foundation, seven in ten U.S. employers look for college degrees when hiring entry-level workers.
For many parents, college is one of life's most important, and expensive, investment goals. How much does it cost? How much can you expect from financial aid? How can you invest and earn more while borrowing less? I would like to answer these questions here and provide some strategies for successful investing.