College may seem like a distant dream at this point in your child’s life, but it’s never too early to start preparing for this important goal. For a child born today to attend a public university in 18 years, it can cost as much as $215,064, and almost twice that amount for a private school. 1
Your child will thank you when they don’t have expensive tuition bills or large loan balances to worry about. Plus, the money you save through Future Scholar can be used to pay qualified education costs at any eligible educational institution in the United States, as well as some international schools. This includes two- and four-year public and private colleges, graduate and professional programs and certain vocational-technical schools.
1 Source: College Savings Projector calculator on futurescholar.com, as of August 2016. Based on the cost for a public, in-state four year college and assumes a 5% rate of inflation.