At VALIC, we understand that though children represent only 20% of our population, they represent 100% of the future.   

As with most other investment goals, your best friends could prove to be your local financial advisor and time.  While the rising costs of sending children or grandchildren to college give the term "higher education expenses" a new meaning, it's a fact that education costs are rising faster than inflation. Even with scholarships, financial aid and student loans, higher education expenses can result in current financial strain, with indebtedness extending beyond graduation.

When you plan in advance with your financial advisor and establish a college fund early, you may benefit from one of the most powerful investment principles – the power of compounded interest.

VALIC can help

When you choose a college investment program, you are investing in your child's or grandchild's future. Your financial advisor can help you establish an appropriate target amount taking into consideration all the resources available to you. In addition, your financial advisor can help you find a suitable investment that offers the power of tax-deferred growth and tax-free withdrawals for qualifying education expenses.