How Much Do You Plan on Saving for Your Kids’ College Education?

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How Much Do You Plan on Saving for Your Kids' College Education?

College is an astoundingly expensive thing to plan for. Should (and can) you give your children a full ride? Or pay for part of it and have them work for the rest?

Personal finance experts recommend prioritizing your retirement savings instead of saving for your kids’ college, because they can get student loans or scholarships, but no similar loans exist for retirees. However, as parents, we’d prefer to save our kids from crushing student debt.

Money Ning writer Ashley Eneriz says she plans to give each of her kids $ 20,000 towards their college education. How much do you plan on saving up? (If you haven’t started saving yet, you might want to try this college cost calculator for a brutal wake up call.)

Photo by Lucian Milasan.

Lifehacker

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