Posted By: Asim Mohammed
By 2020, you'll need an estimated (and heart-stopping) $225,000 to put Junior through a private college or $105,000 for a public university.
Conventional wisdom says the sooner you start saving, the more funds you'll accumulate. (See "How to afford a Harvard education.")
No one savings method is perfect for every family. Consider your tax bracket, your child's age, how much control you want over your investments and how much financial aid you expect to get.