Juggling Retirement and College Savings
Juggling Retirement and College Savings Most parents want to pay for their children’s college education, or at the very least help pay for college. While it would be great for your children to be able to start like after college without student loans to pay off, the cost to parents may be too high. The average annual cost of a 4-year public college is ,127 (source: The College Board’s Annual Survey of Colleges, 2005-2006), with 4-year private schools averaging ,026 a year. College costs have been outpacing inflation by rising over 5% per year. On the other hand, saving for...