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Key Takeaways
- There are multiple options available when it comes to ways to save for college.
- Due to the high projected future cost of a college education, creative strategies are needed.
- Grandparents can also play an active role in helping families save for college.
Present and Projected Future Costs of Tuition, Room and Board
| Total cost today | Total cost starting in 18 years | |
|---|---|---|
| Total cost of an elite private college with annual tuition $71,000 today | $297,000 | $505,000 |
| Total cost of a less expensive in-state college with annual tuition $20,000 today | $83,000 | $142,000 |
This guide describes a range of college savings and investment vehicles that are commonly available to families. Importantly, it also describes a wide range of tactics, some of which receive little public attention, that students, parents, and grandparents may be able to employ to help them reach their college savings goals.
Read More
For more information on saving for college, download Winning the College Savings Race PDF opens in a new window, or read How I’m Paying for My Kids’ College Opens in a new window.
The passage of the SECURE Act represents new planning opportunities. For more information call (844) 703-1234.
You may also be interested in other College Funding Opens in a new window topics.
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