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As college costs increase, it can be intimidating to find ways to save up for your child’s education. Many parents know that they need to start saving money early, but they might not know where to start or how to start. Children are not cheap. One of the most expensive parts of raising a child is the college education.

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Although inflation in the United States has stayed relatively low, the inflation rate for college has more than doubled. Inflation for college costs averages between 3 and 7 percent each year, depending on the type of college or university.

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