4 Ways to Save for Your Child’s Future

By Nicole Young on April 23, 2026

The skyrocketing cost of college education has become a growing concern for students and families across the U.S. ― even for those with relatively high income and asset levels. In 2024–25, average annual total costs (i.e., for tuition and fees; room and board; and allowances for books and supplies, transportation, and other personal expenses) for full-time undergraduate students were:[1]

$20,570 for two-year students at public schools
$29,910 for four-year students at in-state public schools
$49,080 for four-year students at out-of-state public schools
$62,990 for four-year students at private nonprofit schools

As tuition continues to rise, it is crucial to adopt a proactive approach to prepare for this major expenditure. Here are some of the main planning options you may want to consider:

Four Ways of Saving for a Child’s Future Infographic (CAS00129812)Download

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The rising cost of college education may seem daunting, but with careful tax-aware planning and strategic actions, students and families can navigate this financial challenge. We are here to help. Please reach out to us early and often for help finding the right ways to save for and fund your family’s education.

[1] Zinn, D. (2025, July 28). Average cost of college 2024-2025. Bankrate. https://www.bankrate.com/loans/student-loans/average-cost-of-college/#cost

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