Student loans are a significant drag on your children success. If you can help pay for your children’s college education, it will put them in a great position to be successful in their careers and avoid the debt that many of the next generation currently faces.
The average annual cost of an in-state public university is approximately $22,286 as of the 2013-2014 academic year. Assuming inflation, a child born today will cost about $155,000 for four years of college. By investing just $400 a month and earning 6% in the market for 18 years, you can accumulate enough money to pay for their education.