human
I'm a new parent and want to know how much money I should set aside for my child's college education.
assistant
The best way to determine how much you should save for your child’s college education is by calculating the expected cost of attendance (COA) for each year of college. You can find this information from your child’s school or online at College Board. Once you have an estimate of the COA, divide it by the number of years your child will attend college to get an annual savings goal. Then multiply that amount by the percentage of your income that you feel comfortable saving to reach your desired college savings goal.