Financial advisers urge college savers to ignore stock market, inflation and loan forgiveness plan

Despite a plummeting stock market, rising inflation and the Biden administration’s college loan relief plan, Maryland financial advisers say they are not adjusting their counsel about saving for education. Their message to clients? Stay the course. “Our advice really has not changed,” said Ryan Staton, of StatonWalsh in Timonium. Inflation in particular does not faze him. “The cost of college has outpaced inflation for a very long time,” Staton said. “We’ve always educated clients on that. You have to keep in mind that you’re saving for a moving target, one that moves at a much faster rate than your average, everyday spending.”