Budgeting for a College Education (as reported by Gerber Life on Mint.com)

There are a number of big ticket items that people will purchase in their lifetimes, such as cars, houses, and vacations. But there is perhaps no purchase that will be bigger than a college education. Most parents hope to help out, if not take care of their children’s college tuition completely. But the cost is large, and continues to rise. Last year, the average cost of tuition at a major university was over $13,000/year at public school and $36,000 at private school.

In order to save enough to pay for one or more child to go to a good school, parents need to start saving as early as possible. There are a number of programs designed to help, so it’s important to identify what those are and to determine which best fits your needs. For more on budgeting for college,read the full article here.

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