Parents with three or more children could face a seven-figure bill for school by the time all the kids walk across the stage. If you are in this situation, you have options beyond hoping one or more of your kids is a star athlete or full-ride genius.
The average expense of sending a child to college has been rising at double the rate of inflation for more than a decade. Vanguard estimates that in 18 years a four-year degree at a private college could cost nearly $500,000. (See table below.)