Jennifer Ridley Hanson, SlateStone’s Director of Wealth Planning, appeared on CBS 12 News to discuss the rising cost of education and the benefits of starting savings early.
She explained how compounding can accelerate growth over time, why 529 plans offer unique tax advantages and how Florida’s prepaid tuition plan can help families lock in today’s costs.
Jennifer also noted that college funding doesn’t have to fall solely on parents. Grandparents and other family members can play a role in building resources for future expenses. With tuition at public universities in Florida averaging $20,000-$25,000 per year, and private universities closer to $90,000, early planning has become essential.
Watch the full segment here.