FYI: The cost of college just keeps climbing, so it's never too early to start planning for how you will pay for it.
And if you think your highly gifted student athlete or academic prodigy will win a full ride so you don't have to save, you should know that the odds are not in your favor. Sure, there is a lot of private and school-funded aid, but it's stretched among so many students that it's not enough for most families.
The 2019-2020 Free Application for Federal Student Aid (FAFSA) is now available, allowing students and their parents to fill out the form they hope will lead to money to pay for college. But in most cases, the aid won't come close to covering the cost of four years of tuition, fees, room and board.
Regards,
Ted
https://www.southbendtribune.com/news/business/color-of-money-average-college-savings-account-hits-record-high/article_e55f7031-bfb2-549d-af6b-f39288425414.html
