The cost of college tuition, room and board can vary widely depending on a number of factors, and continues to rise faster than inflation and wages. In the event your children aren't awarded full scholarships or become professional athletes, it's important to have a savings plan in place as early as possible.
College costs may seem overwhelming, but starting early with a regular savings plan can help you be prepared. While income limits will be factored in, federal or private loans and grants may be available.
When saving for college, it's important to note that you should never put it before your saving for retirement. You can get a loan for college, but you can't get a loan for your retirement.
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