15 Aug

College Savings Choices

August 27, 2014Printer-Friendly Version As summer fades into fall, it’s back to school time for many kids across the nation. Amidst busy preparations, saving for college sometimes gets lost. However, one of the largest out of pocket expenses for families is college tuition. The average cost of sending a child to a 4-year school can be anywhere from $23,000 to $45,000 per year. Unfortunately, while the cost of living as measured by the Consumer Price Index (CPI) has risen by 3.66% annually since 1978, college tuition costs have been rising much faster! Since the data was first recorded in 1978, college tuition and fees have ri…

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