There’s a reason the average Class of 2016 college graduate came away $37,172 in debt. With the price of higher education continuing to rise, many parents are struggling to cover their kids’ college costs.
If you have children and are thinking of starting a college fund, you’re probably wondering: How much should I save? What will college tuition look like in 10 years? And what’s the best way to sock away money for higher education? Here, we’ll cover some of the basic costs of college and provide guidance on how to prepare for this colossal expense.