Everything costs something. But some things are better values than others and that applies to your college or university education. This info-graphic highlights the unbelievably high cost of a college education and makes a great case for state schools and taking advantage of in-state tuition breaks.
If you’re a parent or grandparent and want to help a young person save for college this may be a great time to think about opening a tax-free, or tax-deferred account to contribute to a fund that will pay for that education. There’s a special program called the 529 plan that allows you to set up a 529 account through a bank, broker or insurance company. Gerry Chamber writes about what he did in his his story Grandfather’s 529 Plan-Helping Kids Pay For College.
