Every parent dreams of one day attending their child’s college graduation. Once your kid earns a diploma, they’ve mostly secured a stable and promising future career.
However, a good education can come at a steep price. As of 2019, it can cost an average of P145,000 a year to send your kid to a good college. You also have to factor in food, lodging, transportation, and other miscellaneous expenses.
Fortunately, financing a future college education can be surprisingly affordable, as long as you prepare the groundwork long before your kids are ready for college (or even before you have kids). Here’s a simple road map that you can follow.