Guest Post by Kathryn Flynn, Content Director, Savingforcollege.com
For most families, college is one of the biggest expenses they will ever face. If prices continue to rise at the current pace, it will cost over $300,000 to attend a four-year private university in 18 years. One of the best ways to prepare is to start saving as early as possible in a 529 college savings plan. 529 plans are designed to help save for college by offering federal tax-free compounding, and in some cases, additional state tax breaks.