Education Planning
We are your partner, guide and expert during your college planning journey. You can stop feeling overwhelmed. Let us help so all you have to do is enjoy the ride.
Although students may be able to obtain grants, scholarships or other types of financial aid, without a proper education savings plan, the costs of post-secondary education can put a strain on a household’s savings.
OMI can offer a client an individual education plan, based on your and your child’s needs, that can help you support the cost for K-12 private schools and/or tuition and fees of college.
The cost of education remains a significant financial challenge for many families, and many underestimate the price.1
College tuition has steadily risen over recent years, and the 2021-2022 school year is no exception. The average in-state tuition at a public college is $10,388 and out-of-state is $22,698. Private college tuition is $38,185.1
Based on the average current amount of in-state tuition at a public college of $21,447 with a college cost inflation rate of just 2% per year in 18 years the total amount for a four-year degree will be $126,251.2
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