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College Savings & the ABLE Act

For the 2016/2017 year, the average annual cost is: $24,610 for a four-year public college (in-state student), $39,890 for a four-year public college (out-of-state student), and $49,320 for a four-year private college. Total figures include tuition and fees, room and board, books, transportation, and personal expenses. Costs for the most selective private colleges are substantially higher. (Source: The College Board's Trends in College Pricing Report 2016)It's likely that costs will continue to rise, but by how much? Annual increases in the range of 3% to 6% would be in keeping with...

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