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Estimating the Cost of College:
It doesn’t take a degree in finance to see the cost of college continues to rise.
For a few families, the lion’s share of education costs falls on parents and, in some cases, on grandparents. Generally, the majority of families rely on a combination of scholarships, grants, financial aid, part-time jobs, and parent support to help pay the cost.
If your child is approaching college age, a good first step is estimating the potential costs. Use our Saving For College worksheet to help you get a better idea of the cost of a four-year college and the impact it could have on your family.
If you’ve already put money away for college, the Saving For College worksheet will take that amount into consideration. If you haven’t, it’s never too late to start.
You don't have to go through this alone, we are here to help you find ways to make college more affordable.
Fast Fact: Private Costs. Tuition and fees for private four-year institutions averaged $34,740 for the 2017-2018 school year. If you add room and board, the figure rises to $46,950.
Source: College Board, 2017