Saving early for college tuition
Beth Cooper helped her 9-year-old son, Jace, open his own bank account, where he stashes half his $4-a-week allowance. He was thrilled when the balance reached $100.
“Mom,” he said, “surely I can pay for college now.”
The price of tuition, even at state schools, has been rising faster than middle-class families’ earnings. According to a recent report by the student loan company Sallie Mae, families draw on grants, scholarships, paychecks and savings, but still end up borrowing heavily for coll