Take a guess. How much are families currently investing in a college education?
Including tuition, room and board, and other expenses, families will spend an average of $92,304 for four years at a public in-state college; for private colleges, it jumps to an average of $169,732 for four years (NCES 2017-18). With the cost of higher education seemingly reaching no limit, families are feeling stuck.
Is it better to save for college as soon as a child is born, or will limiting assets benefit your student in the college financial aid process?
Where can you turn when you have questions about paying for college?
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