It’s not surprising that a recent independent study commissioned by Gerber Life found that 46% of parents would feel less stressed if their child received a scholarship for college. Who wouldn’t?
Unfortunately, parents paying for college can’t rely on a potential scholarship. You need to plan now so that you’re prepared when it’s time for college. And, don’t worry — saving for college doesn’t have to be complicated.
If you’re a parent paying for college, setting aside a little bit each month will add up over time. Think of it this way: If you’re able to set aside about $1.25 a day — roughly the cost of a daily cup of coffee—you may be able to save $10,000 for college in just 18 years. The sooner you start saving, the more money you can accumulate.