It comes as no surprise that college tuition costs are exceedingly steep and have been so for some time. A small reprieve is that costs for higher education have been slowing. Since the pandemic of 2020, tuition and associated college costs have increased less than 5%, while all items tracked by consumer price indexes have increased over 15%.1 Despite this, for many families, the sticker shock of seeing the annual tuition costs of most colleges has been just that – shocking. While the posted tuition costs can be staggering, it is important to know that most families do not end up paying the sticker price when factoring in tuition discounts, scholarships, and student financial aid.

The experts of this show featured Alexander Bell, Wealth Advisor and Norton Suda, CFP®, ChFC®, RICP®, Assistant Vice President, Wealth Advisor.

Having proper insurance coverage for those starting out in their careers can seem like a daunting proposition. From keeping up with student loan payments and the ever-increasing costs of everyday life, additional expenses are not always easy to take on. However, having adequate insurance coverage is an important part of reducing financial risk and one of the best ways to protect income and assets.