1. Shawn Stoller: Funding Your
Child's College Education

2. ● For nearly 30 years, Shawn Stoller has
provided expert business consultancy
services to the Bellevue, Washington, firm of
Eastside Accountants.
● In this role, he supports the creation of
individualized financial services plans.

3. ● When it comes to saving for your child's college
education, it is never too early and it is never too late. In
fact, the earlier a parent starts saving, the better for the
child's college fund.
● Traditional savings accounts grow by percentage each
year, so the longer a saver has money in an account, the
greater an increase it will see.
● Furthermore, an earlier start to college savings can allow
a parent to invest in stocks and mutual funds, which offer
greater growth potential and a better chance to allow
savings to keep pace with rising college costs.
● Because stocks carry a greater historical risk, however,
parents should begin to transfer funds out of stocks and
into traditionally safer products by the time the child
enters high school.

4. ● Families also have the option of investing in a
529 plan, or a “qualified tuition plan.”
Sponsored by state governments and
agencies, as well as educational institutions,
these plans are offered either as prepaid
tuition plans or college savings plans.
● Prepaid plans allow parents to pay a child's
college costs before he or she matriculates,
while savings plans invest eligible funds in a
portfolio system, with the goal of the maximum
possible return when the child enters college.