Saving and paying for college can be a challenging goal and you may be among the many people who worry about the financial pressure that funding higher education can bring.
The average tuition and fees at an in-state public college is about 73% less than the average sticker price at a private college, at $10,116 for the 2019-2020 year compared with $36,801, respectively, U.S. News data shows. Among ranked private colleges, 120 charge sticker prices of at least $50,000 for the current academic year, according to tuition and fees data reported to U.S. News by 785 private institutions. Only a few ranked private colleges and universities – 61 – list a full rate price of less than $20,000 for 2019-2020.
Thankfully for parents and grandparents, it's never too early to start saving and there are many options to help you prepare for one of the most important milestones in the lives of your children or grandchildren.