Education Planning: Get Started
Many college graduates are leaving school with an education and a substantial amount of debt. Research shows how an investment in a college degree pays off in the long run. That can be assuring as you think about the future. But, assurance needs a plan. Developing a plan is paramount if you want to help your kids through college while balancing your other savings goals — and now is the right time to start.
Why is Education Planning so Important?
The cost of college is rising. That's just a reality. The earlier you start a plan, the more equipped you'll be to help your child earn an education with little or no debt. Education planning isn't easy but you can do it.
Projected College Costs: Invest Now and Save Later [PDF-90.9KB]
Take the first step. Don't let projected college costs put you in shock. Create a plan.
State Farm® Can Help
State Farm can help you plan for an incredible time of growth in your child's life — college.
We've simplified the process for you. Take some time to go through the site, or set up time to meet with your registered State Farm agent and start your education plan today.
Keys to a Successful Plan
College savings plans offer tax advantages and help make paying for a college education bearable by allowing you to grow or accumulate necessary funds.
Whole Life and Universal Life policies build tax-deferred cash values that can be used with other assets to help pay the bill for college. Life Insurance benefits may also be used to help protect your investment and help pay college expenses in the event of an unexpected loss.
Disability insurance benefits may also allow parents to protect assets set aside for college if they are out of work for an extended period of time due to illness or injury.
Next Step: How Much do You Need?
Investing involves risk, including potential for loss.
Not FDIC Insured
- No Bank Guarantee
- May Lose Value
State Farm Bank, F.S.B., Bloomington, Illinois ("Bank"), is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and subject to investment risk, including possible loss of principal invested. The Bank encourages any interested individual(s) to submit an application for any product(s) offered by the Bank. We also encourage you to obtain information regarding the Bank's underwriting standards for each type of credit or service offered by visiting statefarm.com or by contacting the Bank at 877-SF4-BANK (877-734-2265). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service. To apply for a Bank product, you may also see your participating State Farm agent.