The expenses can be daunting even to parents who've saved since their child was little. Here are some things you can do before freshman year and beyond.
About 19 million kids head to college next month, which is likely to have their parents in a mild panic about how to pay the bills. Even if you saved religiously from the time your child was a toddler, the stock market has worked against you over the last decade, leaving many families short.
Worse, college isn't a one-time expense. One of my friends likens it to buying a luxury car, then driving it off a cliff. "Repeat that four times," he said. "Then you can imagine what it's like to pay for college."
Of course, the hope is that college will pay off in increased earnings for your child. But that's only if your child goes to the right school and manages to graduate and get a job. What can you and your child do to boost that chance and reduce out-of-pocket costs in the meantime?
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