Paying for College: Past, Present and Future
Paying for college can seem pretty complicated, but what is all comes down to is that you and your child can pay for college in one of, a combination of or all of three ways: past, present or future income.Paying for college from past income means that you have planned ahead and saved for your child's education. Clearly, this is the preferred way. If you have been fortunate enough to build up a sizable pot of money for your family's upcoming college expenses, then you are smart, good at generating income and probably pretty frugal too. Congratulations and let the draw-down begin!