Calculating Parental Contributions and Savings

After sharing the infographic about the rising cost in tuition and student loans yesterday, here's a handy chart from NerdWallet on calculating parental contributions and savings for college.

Remember, it's never too early to start, especially if tuition continues to rise. 

From http://www.nerdwallet.com/blog/finance/financial-advice/expectant-mothers-save-for-college/

From http://www.nerdwallet.com/blog/finance/financial-advice/expectant-mothers-save-for-college/

Problem with Student Loans Now

The chart that is keeping politicians, parents, and prospective college students up at night. 

Post-financial crisis, the US Federal Government is holding over $800 billion (almost 45% of its total financial assets) in student debt. College tuition keeps rising, along with student loans, and it doesn't look sustainable. If politicians don't do something soon, it's going to spiral out of control. 

From http://www.visualcapitalist.com/bubble-in-higher-education-when-will-it-pop/

From http://www.visualcapitalist.com/bubble-in-higher-education-when-will-it-pop/