There's perhaps no expense more terrifying in this country than four-year college education costs. According to data from U.S. News, the average annual tuition and fees at ranked colleges in the 2022-2023 year surpassed $10,400 for in-state public colleges, came in just shy of $23,000 for out-of-state public colleges, and nearly eclipsed $40,000 for private universities. This isn't pocket change, and the price of a college education keeps climbing.

While there are a number of ways for parents and grandparents to tackle the high cost of postsecondary education for today's children, a possible solution is to buy stakes in game-changing businesses and allow time to be your ally. The key word here is "time," because while the stock market does increase in value over the long run, its year-to-year performance is anything but predictable. The more time you have to allow your investment thesis to play out, the likelier you are to generate life-altering gains.

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Source Fool.com