60s & Beyond Risk: College Savings

With the cost of tuition rising 5% per year on average, the cost of tuition at a four-year in-state college will be $12,387/year versus $7,605/year in 2010 (www.collegeboard.com). This can be very daunting for those parents who want to help fund their children’s future education. However, college savings plans have been a great help to many families who would like to help in the future education of their children.

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