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 Whether
your child is 6 or 16, the important thing is to begin planning today.
At the most prestigious
universities, a four-year college degree can cost a small fortune - today
an undergraduate education at Harvard costs $36,200 a year!* Although
many public universities are a comparative bargain, it's important to
ask yourself now how you'll be able to finance a college education
for your child or grandchild.
To determine how
much money you'll need to have set aside, you need to consider how long
you have to invest before your child enters college and whether he or
she is likely to attend a public or a private university. Right now, the
average cost for a year at a public university is around $11,338**, and
the average yearly cost for a year at a private college is more than twice
as much - $24,946.**
To calculate how
much you'll need for a child or grandchild's college education, click
here to go to our
education planning calculator.
- *Source: "College
Handbook, 2001," The College Board. Estimated total for undergraduate
tuition, student fees, room, board, and personal expenses for the 2000-01academic
year.
- **Source: "Trends
in College Pricing, 2000," The College Board.
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