Save Early for College

The cost of attending college is high. Many private universities cost over $35,000 per year and even public universities can be over $15,000. Here is a chart showing the monthly savings needed starting when the future college student is at different ages:

 

  Monthly Savings Needed
Starting when the child is: Private University Public University
Age 3 $1040 $446
Age 6 $1232 $528
Age 9 $1551 $665
Age 12 $2189 $939
Age 15 $4105 $1759