A college education may be the key to a better job for most Americans, but saving for college is daunting. College comes at an alarmingly high cost these days. Clearly, most families need a long-term savings plan if they hope to help their children avoid a mountain of student loan debt.

Permanent life insurances policies include both a death benefit and a savings account. You can borrow from the savings portion to pay for college. Life insurance has a couple of benefits, one is flexibility, the savings portion can be use for any expenses besides education costs without incurring penalty. The other advantage of life insurance is that it’s not included in financial aid calculations

College Planning Awareness