Why is it important to begin saving now for a child’s college education even though the child may be only an infant?

Official source

The cost of a college education has been rising dramatically for several years. By the time that infant is eighteen, it could cost the parent of that infant as much as $174,000 to pay the costs of attending a Louisiana public university just for an undergraduate degree. In the past, parents relied on family income, grants, scholarships, and loans to pay expenses for postsecondary education; however, these resources can no longer be counted on to cover all educational needs. Today, planned savings are necessary to cope with rising educational costs. It is important that parents understand this and begin to save early. Saving money for college expenses is what the START Saving Program is all about.

Click below for "Creative Ways to Save" on our YouTube channel:

loading…

Why is it important to begin saving now for a child’s college education even though the child may be only an infant?

Official source

The cost of a college education has been rising dramatically for several years. By the time that infant is eighteen, it could cost the parent of that infant as much as $174,000 to pay the costs of attending a Louisiana public university just for an undergraduate degree. In the past, parents relied on family income, grants, scholarships, and loans to pay expenses for postsecondary education; however, these resources can no longer be counted on to cover all educational needs. Today, planned savings are necessary to cope with rising educational costs. It is important that parents understand this and begin to save early. Saving money for college expenses is what the START Saving Program is all about.

Click below for "Creative Ways to Save" on our YouTube channel: