With the cost of higher education getting higher each year, one financial planning website is helping parents calculate how much they will need to pay for a particular college as far as 18 years into the future — and then try to get help covering that expense.
FiPath, an Atlanta-based financial planning website, has created the College Registry, a service meant to help parents raise money for their child’s college education by taking advantage of the new trend of crowdfunding.
Parents can register for free on College Registry to learn the estimated cost to attend a specific college, using an estimator that breaks down details at the top 130 colleges and universities. They can then determine their savings goals and share their profile with dozens of family and friends — via an email system — who can then contribute directly through a secure PayPal transaction.
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