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Both I and my husband started contributing to a college fund for my daughter soon after her birth. Now after all these year down the line she has more money for education in her account than what have in my checking account. I still remember my parents were not in a position to save money for funding my college expenses until I was in elementary school. And I don't blame them for the loan which I had to take for education my education and I am still paying the monthly payments of the same. But I would like to advice all the parents to start saving money if they have extra money though a small amount. Initially, we also could save hardly any amount for my daughter's education but I am happy that we already had started contributing to college fund.

Tuition fees are at all time high and are likely to increase more in the future. We have to admit that the cost of tuition these days is more than our cost of living. This makes it necessary for us to save even more money than the post for college expenses.

With the help of this saving, I hope that, in the future when my daughter decides whether to attend college or not, we will have enough money saved to support her decision and to ensure that she wont have to take big education loan. Of course, if she decides to attend an Ivy League college, she had better be winning some scholarships!

Now days there are lots of ways to save for college education. We are aware that we have to find some better option of saving as right now we just have a saving account set for her. I have found out that there are many other better options than this which will help saving money as well as extra amount in the form of interest as well.

I really don't see any reason why we keep on delaying to meet an investor. Of course, I agree that most of us have too busy schedule to meet an investor. For those who can not meet the investor due to their busy schedule, there is one plan for saving for college. It is called a 529 plan.

529 Plan is a wonderful way to make future provision for your child's college education. In this plan you can pay the future tuition fee now at today's cost instead of waiting until your child finally attend a college which naturally will be high than today's fee. Isn't it a wonderful way of paying for tuition?

But there is big risk involved in this plan. We may be paying this amount with assumption that the child will attend the college to take the benefit of the tuition, but what it the child decides not to attend the college 18 years down the line. The money which we have paid by cutting on other expenses and with many sacrifices will simply be a waste.

If you ask me then I would not go for this plan, instead I will prefer the conventional way of saving for college of my child and if my child decides not to attend the college after 18 years, then saving will not be a waste. I always can use this saving for my mega dream shopping.