When to start saving for your child's education?

Filed under: Medical Conditions, Media, Day Care & Education

Nolan can't string a sentence together yet, so it seems a little premature to think about saving for his education but then I think about yesterday, when I was 21, and Holy Pete, the time goes fast -- maybe it's not too early. So I have been perusing articles on education lenders and information on how much it costs to go to University, and I have stumbled across some very interesting stuff.

Student loans are big business in the US. In fact, it's an 85 billion dollar industry, with all the competition and shady dealings of any other corporate machine.

When I googled "Cost of University Education", I was awarded with hundreds of sites with vague calculations and promises of vast expense, mostly for Universities located in the UK. This site was somewhat helpful for understanding tuition and living expenses for a college in student, but I can only assume that these amounts will skyrocket in the next decade and a half.

I guess I should start saving now after all. Do you save for your child's post secondary education? If so, how did you decide how much to tuck away?
AOL Answers is no longer available
AOL Answers is closed

AOL Answers is no longer available.

As AOL continues to grow and evolve we are taking necessary actions to ensure our efforts and resources are
focused on the areas where we can create the maximum amount of value for our loyal consumer base. As a result
we have decided to sunset AOL Answers. Thank you for your participation in this site. If you have an AOL-related
question (passwords, account information, etc.), please visit our AOL Help site at help.aol.com.

ReaderComments (Page 1 of 1)

FollowUs

Flickr RSS

TheTalkies

AskAdviceMama

AdviceMama Says:
Start by teaching him that it is safe to do so.
AOL Answers is no longer available
AOL Answers is closed

AOL Answers is no longer available.

As AOL continues to grow and evolve we are taking necessary actions to ensure our efforts and resources are
focused on the areas where we can create the maximum amount of value for our loyal consumer base. As a result
we have decided to sunset AOL Answers. Thank you for your participation in this site. If you have an AOL-related
question (passwords, account information, etc.), please visit our AOL Help site at help.aol.com.