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Who Wants to Send Their Kids to College?

Sure, it would be nice to go on a TV game show and become an instant millionaire. But your financial goals are probably a bit more practical. Higher education, for instance: According to the College Board in Washington, D.C., the cost of tuition, room and board, and fees to send your child to a private college goes up about 5% each year.  Average Annual Cost of a Private College in: 2000: $22,102 2007: $31,100 2001: $23,208 2008: $32,656 2002: $24,368 2009: $34,288 2003: $25,586 2010: $36,003 2004: $26,866 2011: $37,803 2005: $28,209 2012: $39,693 2006: $29,620     Source: College Entrance Examination Board. To send your child to a public university will cost less, of course. But that cost is still going up an average of 6% per year. Average Annual Cost of a Public University in: 2000: $8,986 2007: $13,512 2001: $9,525 2008: $14,323 2002: $10,097 2009: $15,182 2003: $10,703 2010: $16,093 2004: $11,345 2011: $17,059 2005: $12,025 2012: $18,082 2006: $12,747     Source: College Entrance Examination Board.