When should you start planning for a child’s college education?
Ideally, as soon as the child is born.
The cost of four years at a private college or university currently
averages about $79,000.
The average four-year cost for a public college is about $32,000.
With college-cost inflation now at an average rate of 5%, a child born
today could need at least $77,000 to attend a public college for four
years and more than twice that amount — $190,000 — for a
four-year stint at a private college.