College Savings 101: How to Pay for Your Kid’s Education

Have questions about how to save for your child's college education, how much to save, and where to look for good financial vehicles? Gain insight with this helpful guide.

by Jan Wilson

Costs on the Rise

Making sure there's enough money to support your children is a concern that keeps many parents awake at night. And it is no wonder! In today's ever-changing world, how will you afford to fund your child's college education?

According to the College Board, the 2009-10 average costs were $7,020 per year (in-state) for students attending public colleges and universities, and $26,273 for students at private colleges and universities. Out-of-state students attending public colleges and universities paid an average total annual cost of $11,528.

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