Having a good education is one of the most valued, significant assets in the job market.
Today, workers with a university, master or higher degree, who have an inclination toward technology, typically receive the highest salaries and have the lowest unemployment rates. On average, an employee with a professional degree earns three times more than a worker without a high school diploma1.
However, the cost of a four-year degree at a private university in the United States can cost more than US $200,000 (2018/19 period)2, which has historically increased at a rate of 5% per year over the last ten years3.
For this reason, an education savings plan is an essential tool to succeed.
StateTrust Life offers the following plans:
- Scholar: An education plan with variable returns, which provides a savings component to invest in fixed and variable income funds and indexes. This plan covers educational expenses at the beginning of the education period.
2 Annual tuition costs for the 2018/19 cycle, Massachusetts Institute of Technology MIT. http://web.mit.edu/facts/tuition.html
3 U. S. Department of Education, National Center for Education Statistics. (2018). Digest of Education Statistics, 2016 (NCES 2017-094).