WHY IS IT IMPORTANT TO SAVE FOR COLLEGE EXPENSES?
Today, there’s more reason than ever before to put money aside in an account with growth potential: * A four-year college education can cost well over $100,000 today. * At highly selective colleges and universities, just one year of tuition, room, and board can top $35,000. * Historically, college costs have risen at a rate exceeding the rise in inflation, according to the College Board (Trends in College Pricing). * Between 1972 and 1995, the percentage of high school graduates going on to college increased from 49 percent to 62 percent. (U.S. Department of Commerce, Bureau of the Census) The best reasons to save, of course, are your children themselves, because higher education can provide opportunities and earning potential far beyond those available to high school graduates.
