How Much do I Need to Have Saved For my Kids’ College?

The average cost of tuition and fees ranges between $35,000-$45,000 PER YEAR. If one child goes to college for 4 years that is between $140,000 and $180,000 - which could buy them a house! If you decided to start saving to pay for 100% of one child’s college costs, you would need to start saving as soon as they were born and save between $650-850 per month for 22 years. Whew, that’s a LOT of money for college.

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