According to the Chronicle of Higher Education, college savings and investing in prepaid college plans have increased even as our economy got worse. I see this as proof of the value that many people put in their children’s education. As an educator, I applaud those who sacrificed to continue saving for college. Much of our country’s future depends on this. After all, we wouldn’t have a President Barack Obama if his parents didn’t know the value of an education.

Many people don’t know about the financial difficulties that our colleges and universities are experiencing. Private universities are losing money from their endowments through investment losses. Public universities are losing money from state support. This money was used to lower the cost of student education. As a result of these loses, many of these schools are being forced to raise tuition. The good news is that if you are using a pre-paid tuition plan, these increases in tuition may not affect you.

If you are not already enrolled in a pre-paid tuition plan for your children, I suggest you start. Even if your child chooses not to go to college in your state (or goes to a private school), there are still many advantages to these programs. For help in getting started, develop a budget at http://www.FastFinancialAnalysis.com and start researching pre-paid tuition plans in your state.

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