How much should I save?

Start small, but start early. Although its never too late to start a college fund for a prospective student there is a significant advantage in starting early as possible. Almost any family can set aside some money for a child's higher education needs. The chart below shows how smaller investments over longer periods of time can grow into large portfolios Even a small amount will have a big impact when it's time to pay those college bills.

* Assumes 8% interest rate compounded monthly according to SallieMae, Paying For College.

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