First Investors Corporation Can Help You Save for Future Education Costs

New York, NY, August 9, 2011 - With student loan debt expected to exceed $1 trillion this year according to The New York Times, parents need to take steps to minimize their borrowing needs by setting aside money ahead of time to cover higher education expenses.

According to FinAid.org, more than 66% of students attending four-year colleges borrow to cover some portion of their expenses and have a cumulative debt that averages nearly $23,000. With college costs generally expected to continue rising faster than the rate of inflation, parents need to start saving ahead of time to cover as much of these expenses as they can.

With the help of a First Investors Financial Services Representative, accumulating the funds you need to pay for your children's education doesn't have to be an impossible task. A First Investors representative can help to determine how much money you need to save to pay for education and work with you to develop a strategy for how to invest it.

Christopher H. Pinkerton, President of First Investors Corporation, says as the level of college debt grows, "there is a real risk that people will have to postpone important purchases such as buying their first home, starting a family or saving to educate their own children to pay off student loans." The answer, Mr. Pinkerton says, is to use college savings vehicles such as Education Savings Accounts and 529 College Savings Plans to accumulate as much money as possible "so student loan debt doesn't grow even higher in the years ahead."

First Investors has been in business since 1930. During that time we have successfully navigated many difficult economic periods in our nation’s history. Through the personalized service of financial services representatives located in our nationwide network of offices, First Investors uses a face-to-face approach to offer a range of products and services, including mutual funds, annuities and life insurance. Our representatives understand the cyclical nature of the markets, and work closely with clients to establish a disciplined approach to achieving long-term financial goals.

For more information on any First Investors fund, you may obtain a free prospectus by calling (800) 423-4026; writing to First Investors Corporation, 110 Wall Street, New York, NY 10005; or visiting the website www.firstinvestors.com. You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The prospectus contains this and other information about the fund, and should be read carefully before investing. An investment in a fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. Past performance is no guarantee of future results.

First Investors Corporation
Executive Office
110 Wall Street
New York, NY 10005
(800) 423-4026
www.firstinvestors.com

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