Confident investing starts with a real plan
Smart strategies for education costs
College Planning
College is one of life’s biggest investments—and one of the most rewarding. We help families prepare for education expenses with thoughtful, flexible strategies that support both today’s goals and tomorrow’s dreams.
Balance Today’s Needs With Tomorrow’s Goals
Because college planning is family planning
Paying for college takes more than just saving—it takes planning. At Febbo Wealth Management, LLC, we work with parents, grandparents, and guardians to build education funding strategies that fit within their overall financial picture. Whether you’re starting early or catching up fast, we’ll help you find a path that makes sense for your family and your finances.
Our College Planning Services
Personalized for your family and goals
We help you understand your options, avoid common pitfalls, and take action that aligns with your broader financial life.
Education Savings Strategy
We’ll help you choose the right vehicles—like 529 plans or custodial accounts—and create a plan that works with your timeline and budget.
Financial Aid Awareness
We walk you through how savings, income, and assets can impact your eligibility for need-based aid—and how to plan accordingly.
College Funding Coordination
Your college plan doesn’t live in a vacuum. We make sure it aligns with your retirement goals, cash flow, and other financial priorities.
Multi-Child Planning
Saving for more than one student? We’ll help you balance contributions and plan for the long-term needs of your whole family.
Grandparent & Gifting Strategies
We can help structure educational gifts in a way that supports your goals—and avoids unexpected tax or aid consequences.
College Planning Questions
Helping you feel more prepared
Families often have similar concerns when it comes to planning for college. Here are a few common questions we can help with.
When should I start saving for college?
The earlier you begin saving, the more time your money has to grow—thanks to the power of compounding. Starting when your child is young allows you to make smaller contributions over time instead of larger, more difficult ones later. That said, even if your child is already in high school, it’s not too late to develop a meaningful plan. We’ll help you make the most of the time and resources you have right now.
What’s the difference between a 529 plan and a regular savings account?
A 529 plan is a tax-advantaged account specifically designed for education expenses. Money inside the plan grows tax-deferred and can be withdrawn tax-free when used for qualified education costs like tuition, books, and housing. In contrast, a regular savings account offers little to no tax benefits and may not keep up with rising education costs. A 529 plan also gives you more structure and purpose around saving for college.
Will saving for college hurt our chances of getting financial aid?
Saving for college can impact financial aid eligibility, but it depends on the type of account and who owns it. For example, parent-owned 529 plans are treated more favorably in the federal aid formula than student-owned assets. Having some savings is generally better than none, especially if it helps reduce future loan burdens. We’ll help you understand the financial aid process and how to structure your savings wisely.
Can we save for college and still focus on retirement?
Yes, and it’s important that you do. While helping your child pay for college is a generous goal, your retirement needs should also stay on track. We help you find a sustainable balance by integrating both college and retirement goals into one comprehensive plan. That way, you can support your family’s future without sacrificing your own financial stability.
What if my child decides not to go to college?
Most education savings plans, like 529s, offer flexibility if plans change. You can often transfer the account to another family member or use it for qualifying expenses at trade schools, graduate programs, or even certain international institutions. If none of those options apply, you can still withdraw the money—with taxes and a penalty on the earnings portion only. We’ll help you understand your options so your savings stay useful, no matter what path your child takes.