Quantcast
Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

When it comes to saving and investing, retirement is most likely your number one concern. For many investors, their second most significant concern is saving for their children’s college costs. At this point, most of us know about the effects of rising tuition, crippling student loan debt and the need for post-secondary education to make it into the workforce today.

For many parents, eliminating or reducing their children’s or grandchildren’s future debt burden is a must.

But, much like retirement, saving for college isn’t a simple one-size-fits-all approach. There are many avenues and account types that investors can consider for this goal. Getting a handle on what works best for you is critical to making sure you get the most bang for your buck.

A Staggering Jump in Costs

It’s no secret: college is expensive these days. From actual tuition to room and board, the amount of money needed to attend a four-year university is pretty staggering. According to industry group the College Board, in 2014-2015 the average annual tuition increase was 3.7% at private colleges and 2.9% at public universities. However, the ten-year average is closer to 5% per year. Putting that in real numbers, it’ll cost someone around $94,000 to attend a four-year public university by the time the calendar changes to January of 2033.

To read the Full Story, Go Premium or Log In

Popular Articles

News

Equinix Inc. Increases Dividend by 14%

Each day, companies across the globe announce upcoming dividend payouts. In our Dividend Payout...

News

Johnson & Johnson Leads 75 Stocks Going Ex-Dividend This Week

There are 75 stocks going ex-dividend this week starting Monday, Feb 19 . For income investors...

Premium Shutterstock 152862587
News

The Market Glance for February 19: Walmart’s E-Commerce Ambitions Under Scrutiny

After the last few weeks’ extreme volatility, we might see calmer price action in the equity...