Saving For College in Middle School:
It's Not Too Late to Save!
Have a middle school student? This webinar has what you need to know about saving for college, trade school, or even a post-high school apprenticeship.
Middle school is neither too early nor too late to begin saving for college.
Hear from Tim Gorrell, Executive Director of OTTA
Tim is responsible for leading the agency, recommending and implementing the investment strategy as approved by an 11-member OTTA investment board, and managing the overall operations of Ohio’s 529 Plan, CollegeAdvantage.
College Costs are Rising
◉ At public 4-year institutions, average tuition and fees were $9,400 in 2020–21, about 10 percent higher than they were in 2010–11 ($8,500).
◉ At private nonprofit 4-year institutions, average tuition and fees were $37,600 in 2020–21, about 19 percent higher than they were in 2010–11 ($31,700).
◉ At private for-profit 4-year institutions, average tuition and fees were $18,200 in 2020–21, about 1 percent higher than they were in 2010–11 ($18,100).
Source: National Center for Education Statistics
Did You Know?
Source: Education Data Initiative
The Student Loan Debt Crisis Is Real
◉ As of July 2021, There are a total of 43.4 million student borrowers who have an average debt of $35,453 each. (Source: Student Aid).
◉ Each year, 34% of students borrow money to pay for college. (Source: Education Data).
◉ As of 2021, total student loan debt in the U.S. has surpassed $1.61 trillion. (Source: Nerd Wallet)
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About Ohio's 529 Plan,
Ohio’s 529 Plan, CollegeAdvantage, provides families across the nation flexible options and educational resources to invest in trusted tax-advantaged 529 plans for education expenses after high school.