With college and post-secondary education becoming ever more important, many investors have turned to helping their children defray the costs of achieving that education. College saving/investing has become equally important to many investors as saving for retirement.
However, just like saving for retirement, saving for college is difficult to pin down. There are just as many variables and paths to take. It can be a daunting task to even know what dollar amount to shoot for or how much you should be saving.
But a new report from the College Board provides guidance and puts some numbers to the amount needed. For frustrated parents, the report sheds some much needed light on college costs and planning.
Don’t let student loans get in the way .