Your trusty college savings plan is no longer just for higher-education costs, thanks to the new tax law.
Whether you have young children or grandchildren, you’re probably aware of the rising cost of higher education: The average annual cost of tuition, fees and room and board at a four-year private college rose 3.5 percent, to $46,950, for the 2017—2018 school year, according to data from the College Board.
That figure hit $20,770 for in-state tuition at a four-year public institution, the College Board found.
