Afford the college of their choice
Since 1976, the cost of college has risen at two to three times the rate of inflation and faster than increases in income for most families. For the 2007–08 academic year, The College Board® reported that the cost of public and private colleges continued to outpace inflation, with hikes of more than 6% in tuition and fees. In fact, at four year public colleges, the increase is the highest it has been in 30 years.
|4-Year Private College
|4-Year Public University (in-state resident)
|2 Years Community College and 2 Years Private College
Source: savingforcollege.com. Based on average tuition and fees for 2009-2010 as reported by The College Board ® and assumed to increase 6% annually.
Help a child earn more as a college graduate
There are few things that are of greater value than the opportunity provided by a college degree. U.S. Census Bureau research has shown that, on average, college graduates earn over 80% more
annually than individuals with only a high school degree. And over a lifetime, those with a college degree earn well over $1 million more than those without.
Watch their career take flight
A higher education can provide more than just higher earnings. According to the U.S. Department of Labor, a college degree typically results in more career options, greater promotion opportunities, more vacation time and other benefits, and lower unemployment rates. It can also pave the way for
graduate school, which may lead to even greater earnings and benefits.