 TITLE: How to Save Money for Your Kids CONTENT: According to the College Board, the average tuition at a four-year private college reached $37,650 for the 2020-2021 school year; $10,560 at an in-state public university. Add in room and board and multiply by four years, and it's clear why saving for college is a huge financial challenge for parents.\nIf you haven't already started an education fund for your child, consider starting one now. The more time your money has to compound and grow, the better. And given the enormous cost of a college education, it helps to pay into a college fund over multiple years to help avoid diverting money from your retirement or emergency funds to pay for tuition. The following strategies may help you get started. END