Planning and Saving for College 101

  If you have children, then you likely have many hopes and dreams for them. One of those hopes and dreams may be a college education. According to the National Center for Education Statistics, the average all-inclusive (tuition, room and board, fees, etc) cost in 2014-15 (the latest figures they have available) of a public 4-year college was $18,632 annually. While it may feel like rising tuition and fees are pushing that dream further out of reach, there are things you can do right now and in the future to help manage the costs.   Save, Save, Save Obviously, if your child has some time before they’re leaving your nest for college, you should start socking away some money. One of the best ways to do this is by investing in a 529 plan. It’s a tax-sheltered account that families can use to…