College Planning

For many families, College expense is the second largest expenditure they will face in their lifetime behind saving for retirement.

It is never too early to start planning for the cost of college. For many families, this expense is the second largest expenditure they will face in their lifetime behind saving for retirement. For these same families, the 15-year period before retirement is also the most crucial time to limit large expenses. Another challenge is balancing retirement needs with the desire to get the most for their kids for college. Our experts can help in all of these areas.

First, let’s begin with some numbers

  • In 2013, the average annual cost for an in-state public college or university in the United States is $18,391 (split nearly evenly between tuition and room and board).
  • Most students attend college longer than four years.
  • By the year 2020, the cost of a four-year education in the United States could be more than $210,000 for a private school and almost $160,000 for public schools, according to the United States National College Board.
  • According to the US Department of Labor, in 2012, the average annual salary of citizens with bachelor's degrees was $67,140 compared to $35,170 for those with only a high school diploma.

Somerset Offshore Asset Management can chart the best course for investing the assets you have saved or put aside for college education. In doing so, we can also answer some of your questions, such as:

  • How much money will need to be set aside monthly/quarterly/yearly in order to meet this goal?
  • How will my assets be invested?

Given the escalating costs of college, it makes sense to start planning now for your children’s education, even if they’re still very young. We would be happy to help you get things started. The future may seem a long way off, but toddlers have a way of suddenly turning into high school graduates in the blink of an eye.

For more information on college planning, please email us at or call +86 755 86243870 and we will discuss with you the suitability of our services and products.

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