$500 a Month in This ETF Could Send Your Kid to College
According to EducationData.org, the average cost to attend a private college or university in the U.S. now stands at more than $50,000 per year, with about $37,200 of the total going toward tuition and fees. Matriculate to a public university outside of your home state and the tuition alone will still run to an average of $27,437. Those who stick closer to home and pick an in-state public institution will see somewhat more manageable tuition bills that average $9,580 a year.
Any way you slice it, though, higher education is an expensive prospect. EducationData.org estimates that between the actual bills, the interest on student loans, and the income lost from not working for a paycheck while you're working toward your degree, the true cost of a four-year degree can top $400,000.
Covering that can mean carrying a mountain of debt after the fact, or doing a whole lot of saving before you or your child starts. And a savings account isn't going to cut it. Most people will have to invest in the stock market to build up a nest egg big enough to fund four years of college tuition, even at an in-state school.
Source Fool.com
