A+ Options to Help You Pay For College
It's been said that a good education is the best investment you can make. The financial returns and personal benefits last a lifetime. But before you take that first class, it's important to know and understand the variety of options you have for funding your time in the halls of higher learning. U.S. Bank can help with these valuable tips:
- Student Loans. U.S. Bank offers student loans subsidized by the federal government and loans that parents take out on behalf of their child. Learn more.
- Home Equity Loans. If you're a homeowner, you can borrow against the equity in your home to finance an education. This allows you to borrow at a relatively low interest rate and the interest may be tax-deductible. See your tax advisor for deductibility of interest. Learn more.
- Savings and Investments. If you have less than five years to save, savings accounts1, money market accounts1 and certificates of deposit1 can help you set aside money for school. For younger children, U.S. Bancorp Investments2 offers a wide selection of non-FDIC insured mutual funds2
and other products for college funding.
- Education Funding Options. Additional education funding accounts exist to help you provide the financing you'll need for your children's college education. Learn more.
A final piece of advice: Aim high! Don't count out any educational opportunities before exploring all your financial options.
For professional help with your education planning needs, contact us today.
How Much Will College Cost?
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