Parents: Will You Pay For College?
Do you plan to pay your child’s college tuition? Have you started saving?
I was lucky enough to have my parents pay for my undergraduate degree and I want to do that for my children, but the costs continue to rise.
Paying for their children's college education is not something that many people can afford without saving and it can be a financial hardship even with the saving.
Just this week, the Pennsylvania State System of Higher Education approved a 3 percent tuition increase for the 2012-13 academic year. The total tuition cost for a full time, resident undergraduate student will be $6,428. Taking into account additional fees, room and board, the average total cost for a state university is about $16,000, said PASSHE spokesperson Kenn Marshall.
Compare to: (information on tuition, room, board and fees from university websites)
Do you plan to pay for your children’s college education? Have you started saving?