In its Annual Survey of Colleges 2015-2016, The College Board estimated that a student living out-of-state at a public four-year college can expect to pay almost $15,000 for room, board, and other expenses, on top of an average $24,000 in tuition.

After adjusting for inflation, that’s an astounding 40 percent increase over the past 10 years, which leaves many parents to wonder — will I have saved enough to give my children the best education possible by the time they’re ready to go to college?   [Read more…]