But that's not the price you will pay in 18 years.
CNBC ran the numbers, and we can tell you how much money you would need to save to send your child to NYU. The first tool is a 529 savings plan. The plans vary but allow you to save money for a child's future education costs and offer much more than a traditional saving account.
Check out this video to see how much you will need to put away every month to send your child to college in New York City without student loans.
More from Invest in You:
Disclosure: NBCUniversal and Comcast Ventures are investors in Acorns.