Education Needs Analysis

Free CFP Exam lesson in General Principles of Financial Planning. 15 min read, ~2,277 words.

Use education-specific inflation (4-6%), not general CPI (2-3%), wrong rate understates costs by 25-35% over 13 years. Calculate each enrollment year separately, inflation does not pause while the student is in college. FAFSA asset assessment: student 20%, parent 5.64%, grandparent 529 0%. The funding gap (total projected cost minus projected...