Four Year Colleges and Universities Average Yearly Costs

Half of all full-time students have tuition and fees of less than $10,300.

$8,655 Public Four-Year College (in-state students)

$21,706 Public Four-Year College (out-of-state students)

$29,056 Private Four-Year College

Source - bigfuture.collegeboard.org/pay-for-college/college-costs/college-costs-faqs

Did you know...

Each state controls some of the features of their plan. Make sure you compare plans among states other than your own. Most states do not require residency in order to participate.

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529 College Savings

A 529 Qualified Tuition Plan is a tax-advantage savings plan that offers you the tools to effectively save for your child's education. Saving today can make a big difference when it's time for college. According to the College Board, the average cost for a four year public school has increased nearly 51% over the last 10 years and is expected to continue rising1. Saving for college, instead of relying on loans, can more than cut the total cost in half.

Going to college increases earning potential

Among men, median earnings of four-year college graduates were 63% higher than median earnings of high school graduates in 2005.1

Among women, median earnings of four-year college graduates were 70% higher than median earnings of high school graduates in 2005.1

 

Plan benefits include:

  • Federal income tax breaks with tax deferred contributions
  • Possible State tax benefits (check with your state)
  • Contributor retains control of the account
  • Tax reporting needed only when you make withdrawals
  • Flexible in that you can rollover to another 529 plan

 

Interested in 529 Qualified Tuitions Plans?

Ask about benefits through First Financial where you work.

 

1Source CSPN www.collegesavings.org/whysaveforcollege.aspx