With school back in session in most of the country, many parents are likely thinking about how best to prepare for their children's future college expenses. Education Planning is a complex issue. A disciplined approach to saving and investing can help remove some of the uncertainty from the planning process.
If you are the parents or grandparents of child of any age chances are good that the escalating costs of higher education are on your mind.
Consider the following statistic; a recent study by Bloomberg found that since 1978 college tuition and fees have increased in price 1,225%. Over the same period of time medical care, another fast-ballooning source of costs, increased by just 634%, while inflation clocked in at a paltry 279%.1