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Most people look back on their college years with great fondness - and many look ahead to their children’s education with some fear. With costs so high, how can I afford to send my kids to college? According to the 2005-2006 college board numbers, a college education currently averages over $5,491 a year at a four-year public college, and nearly $21,235 a year at a four-year private school.
Looking at the Ivy League? Four years of tuition, fees, and room and board can now cost $125,000 at elite schools like Harvard and Yale. And costs keep rising. The college board’s 2005-2006 figures show that public and private institutions raised their tuition and fees an average of 6 percent. Your children deserve the enriching experience of higher education, and you can help finance it.
Here are some college funding ideas:
Prepay tuition - Some state universities have set up innovative programs where college expenses may be made in installments over many years, prior to...
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