According to the Vanguard investment management firm, when today’s babies are old enough to attend college, a year at a private school will cost upwards of $120,000, so a four-year degree will have a price tag of nearly a half-million dollars. Even public colleges are expected to cost $54,000 annually, for a four-year cost of $216,000. That’s why it’s so important to start planning (and saving) for education long before your student is ready. Indiana Members Credit Union created this guide to help you prepare and save, whether college is more than a decade away or coming soon. We’ve included plenty of valuable advice and helpful resources. Continue reading
You may not have a lot of extra money in your budget, but that doesn’t mean you can’t save for college. Here are six helpful money management tips for getting your college savings efforts off the ground.
Tip 1: Watch for daily money drains. Drink regular coffee instead of a latte once a day. Bring your lunch three times a week. Take the money you’re saving from small but important changes and put it toward your child’s college savings. Continue reading