A Cheat Sheet for Sending Your Kid to College
College marks a great milestone in a child's life. It may be the first time he or she will live away from home. Dropping off your child at college may be an experience loaded with emotions, so here are a few tips for a smoother transition.
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Getting a Head Start on College Savings
The U.S. Department of Agriculture estimates the cost of raising a child to the age of 17 for a middle-income family will be about $285,000.1 That?s roughly equivalent to the median value of a new home in the U.S.2 And if you?ve already traded that supercharged convertible dream for a minivan, you can expect your little one?s college education to cost nearly $527,000.3 But before you throw your hands up in the air and send junior out looking for a job, you might consider a few strategies to help you prepare for the cost of higher education.
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