Achieve College Savings Goals with the FiPath College Registry(TM)

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Unique “Crowd Saving” service allows family and friends to contribute to college funding.

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FiPath, the only independent site providing financial education and collaboration for consumers, today launched College Registry™, a unique new service that leverages “crowd saving” to help parents achieve college savings goals with help from family and friends. College Registry is now available on FiPath.com at collegeregistry.fipath.com. There is no charge to register.

Parents and individuals who register on College Registry will learn the estimated cost to attend a specific college, create a profile highlighting their savings goals, and share it with family and friends via an email platform. Family and friends can then contribute funds for college directly to the user through a secure PayPal transaction that works with any financial institution.

Last month, the Department of Agriculture announced that the cost of raising a child – without including college costs - is now estimated to be $234,900. According to the College Board's Trends in College Pricing, the 2011-2012 average total annual costs were $17,131 for students attending four-year public colleges and universities in-state, and $29,657 out-of-state. Tuition at public universities rose 15% from ‘08 – ‘10; and several will increase by over 40 percent this year alone. The 2011-2012 average total costs were $38,589 for students at four-year private colleges and universities.

“The spiraling increasing cost to attend college makes it imperative for parents and individuals to broaden the ways they save,” said Tim Harrington, CEO of FiPath. “Our objective is to provide people with the resources they need to be fully prepared to meet financial goals. College Registry is an extension of that objective, and an excellent service for anyone who wants to get a head start on saving for college.”

The launch of College Registry encompasses many helpful resources, including:

  •     A college cost estimator that breaks down cost details at the top 130 college and universities
  •     A dashboard to track who the user has emailed to contribute to their fund, who has donated to the fund, and how much they’ve contributed
  •     A suite of planning tools to help people determine college education savings goals, including how much money they need to raise from family and friends.

To register for free, or learn more about the FiPath College Registry, go to collegeregistry.fipath.com.

About FiPath
FiPath is the only independent site that provides free financial education and collaboration for all types of consumers, including unbiased content, easy-to-use tools, peer-to-peer connections, and expert top tier resources like Morningstar, E-Trade, Schwab, and ING. The FiPath Express Rollover Center gives consumers the ability to quickly and easily sort through multiple rollover options to determine which is the best match for them. FiPath for Advisors™, a service of FiPath, is the first independent, online marketing solution for financial advisors. For more information, go to http://www.fipath.com.

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