Strategies for an affordable college education
As you gaze at your newborn or newly adopted son or daughter, one of these thoughts may run through your head:
- “Will I be able to afford to put you through school?”
- “Am I required to put you through school?”
- “Right now it’s all I can do to pay for Pampers and child care. I’ll worry about college later.”
Time has a way of sneaking up on us. Seemingly overnight, that gurgling infant morphs into a 12th-grader looking at college or vocational education.
According to The College Board, tuition and fees (but not housing) at U.S. colleges in academic year 2014-15 ranged from $9,139 (state residents at public college) to $22,958 (out-of-state residents at public universities) to $31,231 (private colleges).