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The importance and cost of a college education

Historical Average Cost of 4-Year College Tuition

1963 (Adjusted for inflation)
$42,220
1989 (Adjusted for inflation)
$52,892
2020
$101,584

• Between 2010 and 2020, for 4-year institutions, the average annual tuition increased 34.3 percent at public 4-year institutions, and 48.9 percent at private 4-year institutions.

• From 1989 to 2016, college costs increased almost 8 times faster than wages.

Source: educationdata.org – August, 2021

The average cost of college in the United States has tripled in 20 years, with an annual growth rate of 6.8% as reported by educationdata.org

At the same time, college is becoming both more important for a young person trying to gain a foothold in the American economy – and more expensive.

A report published in 2018 by the Georgetown University Center on Education and the Workforce showed that, “The bachelor’s degree (BA) has become the premier pathway to economic opportunity. The BA now accounts for 56 percent of all good jobs, due to greater demand for workers with at least a four-year college education.”

What’s causing this exponential growth in the tuition and fees a college student must bear? It’s simple. More and more people are placing a greater value on the benefits of a higher education. Allegis Financial Partners has a number of tools and strategies you can use to potentially help you afford the college education that will give your kids the opportunity to succeed in school and in life.

We’ll be happy to explain these strategies to you in detail, including which one is virtually tax free, which one potentially offers the best return, and which one provides guaranteed growth.

To set up an appointment, simply fill out this form or give us a call at 866-271-0215.

We’d be happy to come to you at a time that’s convenient for you.

*Securities offered through OneAmerica Securities, Inc., a Registered Investment Advisor, Member FINRA SIPC. Allegis Financial Partners is not an affiliate of OneAmerica Securities or the companies of OneAmerica and is not a broker dealer or Registered Investment Advisor.
Allegis Financial Partners may conduct life insurance and securities business in Idaho and may be licensed in other states. Financial professionals cannot conduct life insurance or securities business in states in which they are not licensed. This content should not be construed as an offer for the sale of insurance or securities products in unauthorized states or countries.
Provided content is for overview and informational purposes only and is not intended and should not be relied upon as individualized tax, legal, fiduciary, or investment advice. Neither OneAmerica Securities, the companies of OneAmerica, Allegis Financial Partners, nor their representatives provide tax or legal advice. For answers to specific questions and before making any decisions, please consult a qualified attorney or tax advisor.
Investing involves risk which includes potential loss of principal. Guarantees are subject to the claims paying ability of the issuing insurance company.
Not affiliated with or endorsed by the Social Security Administration, the Centers for Medicare & Medicaid Services, or any other governmental agency.

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