How Much Will You Need to Save?
Over the past 20 years, college costs have risen much more than the general rate of inflation. For many parents, funding their child’s college education will be one of their largest and most significant expenses. Therefore, saving money for a college education requires foresight and planning. To start planning a savings goal should be established.
|National||Average College||Attendance Costs|
|Tuition||Room and Board||Books & Supplies||Annual Basic Expenses|
|Private College / University||$36,880||$12,990||$1,240||$51,110|
|Public University (in state)||$10,440||$11,510||$1,240||$23,190|
|Community College (in state)||$3,730||$8,990||$1,460||$14,180|
Source: College Board, 2019- 2020
Arizona’s Education Savings Plan is not insured by the State of Arizona or any of the program providers. Neither the principal deposited nor the investment return is guaranteed by the State of Arizona or the program providers.