Any advice for parents on paying for college?
The strongest advice I have for parents - and I am a parent who presently has a child in college - is to try to save from the very beginning. When my son was born, we had a financial adviser who helped us project the cost of college so that we would be able to save an adequate amount over time. That is particularly important with the lack of a middle class in our society today. Many parents would like to see their children awarded aid of some sort, but that doesn't always happen. Outside of tuition, if it's possible for one parent to work to help pay for tuition or incidentals, that's important as well. I have a transfer capability online between my account and my son's to help him manage his expenses (rather than giving him a set amount).