According to the CollegernBoard, the average annual cost of a four-year public college is $6,585 (up 6.4 percent from 2008) and the average private college cost is $25,143 (up 5.9 percent from 2008). In addition, college seniors are graduating with more debt than ever; approximately $21,000 for the class of 2007, according to the Institute for College Access and Success. With the assets of many families significantly reduced by market turmoil, what can you do to protect yourself against these steep jumps?
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