The following post is courtesy of the Recruiting Blogswap:
From: Candice Arnold
A Guide for Parents and Students
College tuitions increase every year, regardless of the state of the economy. In Pittsburgh, there was even talk about a tuition tax, proposed by Mayor Luke Ravenstahl, to help the city raise $16 million for its 2010 budget. According to the Pitt News, the tax was removed from consideration when the University of Pittsburgh, Carnegie Mellon University and health insurance provider, Highmark, stepped forward and offered to increase their charitable donations to the city in exchange for elimination of the proposed one percent tuition tax; Ravenstahl agreed.
Even without the extra strain of a tuition tax, like the one proposed in Pittsburgh, paying for college is difficult. Knowing how much money to save and how to save it are questions on the minds of many parents and potential college students. An article in the December 2009/January 2010 issue of Reader's Digest, The Best Way to Pay for College, by Lisa Goff, offered a lot of helpful hints. Financial advisors like Suzy Orman and Jean Chatzky recommend that parents start saving for college right after their children are born. Some of the ways that parents can start saving for their children's college educations are: