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This Week @ LorMet Community Federal Credit Union

Short, timely articles based on a real-world weekly theme.

Saving for College

This week, we take a look at the increasing cost of higher education and explore strategies families can use to maximize their savings.
Student walking on a college campus

The Rising Costs of Higher Education

College costs significantly more for today's students than for previous generations, so early planning is key.

A couple reviews financial statements at home.

College Savings Accounts

How 529 Plans and Coverdell Education Savings Accounts can be leveraged for tax-advantaged college savings.

A mother measuring the height of her child.

Age-Based Saving Strategies

How to tailor your college savings approach to your child's age and your risk tolerance.

A new college graduate with her mother.

Balancing College Savings with Other Goals

Strategies parents can use to save for college while also achieving their other financial goals.

A thoughtful man reviewing a document in his living room.

Maximizing College Savings

How to earn the best returns on your savings while minimizing taxes and the potential impact on need-based financial aid.

A piggy bank on top of gold coins.

How College Savings Affects Financial Aid

The way your college savings accounts are structured can affect your student's eligibility for need-based aid.

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MoneyEdu for KIDS MoneyEdu for KIDS wordmark in the Baloo 2 ExtraBold heading style used on MoneyEdu.kids.

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Established in 1936, our credit union has always been driven by the hardworking men and women of the Lorain County community. Open your account today at any LorMet location and experience the Credit Union difference!

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