Are you saving enough for college? Here's what to know
Student loans. Student loans. Student loans.
With tens of millions of federal student loan borrowers returning to repayment, my inbox has been brimming with questions about student loans and various repayment rules.
But I've also been hearing one intriguing question, over and over, that isn't directly about loans or repayment, so much as it is about how to avoid them entirely. And it's coming from parents of kids who've not yet traded in their sticker collections for student loans.
"I've got one little guy who's about six years old," Caleb Queern, of Austin, Texas, told me recently. "And my questions are, number one: How much should we be saving between now and the time my little guy is ready for college? And number two: What's the best way to save for it?"
These feel like evergreen questions, but there seems to be concern, among some parents, that the answers may finally be changing color. With the sticker price for a four-year degree high and rising, as well as the burden of student loan debt, it's reasonable for young parents to wonder: Are we saving enough? Should we be doing something ?
