It is a fact that a college education is expensive, very expensive.Even at lower-priced, state-supported colleges a four-year degree can still cost in excess of $50,000.College tuition and fees continue to increase at an alarming rate. These increases have made "paying for college" practically impossible.
In a recent survey conducted by the American Council on Education it was found that financing their children’s college education is one of the top five concerns facing American parents today.Although parents generally have good intentions, there are many unforeseen circumstances along the way that prevent them from saving a sufficient amount of money to pay for their children’s college education.
With today’s economy, and the inflation we have experienced over the past twenty years, this problem is far more evident now than it ever has been in the past.It most often takes two incomes just to meet the family’s budget.Unfortunately, after paying the family’s monthly expenses, there is usually not much left over for the student’s college education.
