Education Foundations
The Education Foundations module helps a client understand on a fundamental level, the potential expenses of an education and their level of preparation for those expenses. Data is collected to estimate future education costs, such as when the education goal (or expense) begins, an annual cost, inflation rate, and name of the school. Assets are entered and given their own return rate. The tool can then compare needs to resources and give the advisor and client and idea of what actions need to be taken to meet their goals.
Module Target User – Advisors and Clients
Completion Time – 5 to 10 minutes
This module:
- Projects a client’s future education funding needs
- Contains a database of more than 3,000 public and private colleges in the United States with current in-state and out-of-state tuition costs with and without room and board expenses
- Determines the portion of a client’s education goals that could be funded by current resources and the monthly saving amount needed to fund any shortfall