Financial planners are experts in the field
of financial planning. Financial planners can offer parents
counseling information on the best ways to finance their child's
college education through investments and money savings strategies.
There are several types of financial planners that offer different
services. The services a financial planner offers may depend
on various factors including their credentials, licenses,
and/or areas of expertise. You and your parents should consult
a planner that can assist you with your educational and career
goals (i.e. Certified Financial Planner (CFP), Chartered Financial
Consultant (ChFC).
Unfortunately, financial planners charge a FEE for their
services. Planners are paid for the services they provide
through fees, commissions, or a combination of both. The
fee a planner charges usually depends on his/her level of
service, experience, and your needs. Before you or your
parent(s) decides to hire a financial planner, you should
do your homework and learn more about the planner's qualifications,
credentials, and reputation. Just remember, you should shop
around for a financial planners as you would a car, loans,
etc.
The following list of organizations can assist you and your
parents with additional information on selecting a financial
planner, locating one or more planners in your area, and
checking the planner’s qualifications and credentials.
These organizations may offer a free referral program. Contact
each organization to inquire about their services.
