Thursday, April 10, 2014

Saving For Kid's College Tuition

Nice article on saving for kid's college:

Some tips:
1) When a kid is born, estimate college cost by multiplying current cost by a factor of 3., then shoot to save 1/3 of that (currently that amounts to about $250-$500 per month).
2) Use 529s, state prepaid tuition plans, and Upromise.

Also tone town expectations about where your kid might attend college (most likely your kid will not make it into a top college):