Saving For College When to Save How to Begin to Save How Much to Save Setting and Achieving a Goal Ways to Save For the college graduate, education is an investment that pays a lifetime of dividends. Up front, however, the cost of college can loom as a significant financial challenge for most families. In fact, providing for a child's college education is one of the largest expenditures many families will ever face. How much you can afford to save depends upon your family's financial situation.
Higher education is a cost that many families deal with at least once.
You can be ready by taking a look at your options and choosing a savings plan that is right for you and your family. Financial aid does not usually cover all the costs of a university education. In addition, grant and loan programs can change over time, in terms of eligibility and money available for distribution. Scholarships are not available to everyone. When to Save The sooner you begin, the less you need to save each month.