THE COST OF WAITING
Saving for college can seem overwhelming. Many people take a "wait until we can afford it" approach. But doing nothing or waiting to start saving can be costly. Starting now can reduce the burden of borrowing later.
Understand the costs
Parents who have a full understanding of costs and are actively investing are better positioned to avoid or minimize college debt.
Start saving now
Even if you feel like you've fallen behind in saving for college, start today. Waiting even one year will cost you in the long run and will force you to rely more heavily on loans and your current income.
Know your options
You can use savings, current income and loans to pay college bills, but relying on these alone can be costly. Tax refunds and bonuses can also be used to make additional contributions.
View a comprehensive case study (PDF)