Here’s how much money you need to save every month to put your kid through 4 years of college

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When a couple decides to have children, probably one of the most important questions they will need to answer is how are we going to pay for their college. According to Student Debt Relief —with the average soaring as much as $36,420 per year with tuition and dorm costs.

This article focuses on giving you a strategy on how to save for your child’s college expenses. The sooner you start to save, the sooner you’ll be ahead.

 

 

Despite student-loan debt in the US topping $1.6 trillion, parents and students still shoulder the greatest share of tuition costs with non-borrowed money. We calculated how much someone would need to save every month to cover four years of a private or in-state public education in five, 10, or 15 years. The calculations assume that the money is put into an investment account, such as a 529 college savings plan , and earns a […]


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