Better Start Saving Now as College Costs Climb

lee-shaferLee Schafer from the StarTribune in an article entitled, “Better start saving now as college costs climb”:

Everyone with kids under the age of 18 should take a spin through the net price calculator that all colleges now have on their websites. Maybe have a glass of wine handy.

And keep the bottle nearby.

Just 15 minutes and a good handle on income and assets is all it takes to arrive at a single, boldfaced number of what a single year of college will actually cost.

It will likely be a big number — a breathtakingly big number. Try to sip your wine slowly.

Jay Benanav, a Twin Cities consultant to families on college choice and financial aid, understands all about the sticker shock of a college education. He said he always asks if parents are sitting down before revealing their expected family contribution, which is way higher than most folks think they can afford.

Read the rest of the article here…