Kid Zone

When parents first start trying to decide how much to save, they often get overwhelmed by the cost of a college education. According to the Bureau of Labor Statistics, tuition increased by 8% per year, on average, from 1979 to 2001. This means that children born today will face college costs that are 3 to 4 times current prices. For example, this means expenses to attend a four year college could total $300,000 by the time your child is of college age (keep in mind this estimate is based on your child attending the highest priced college or university).

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Tags: college, college costs, college education, how much to save

Everyone knows that college is expensive and that the price keeps increasing year after year. The largest single cost is tuition followed closely by room and board if you are living away from home. These two things combined can easily add up to $30,000 a year or more.

That means by the end of four years a college education will have cost $120,000. That’s a lot of money, on its own but whats even worse is that there are other ‘hidden’ costs that aren’t included in this amount. However, you should know what they are so you are not surprised by them later on.

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Tags: college, college costs, going to college, online college