08/19/2014 09:11 am ET Updated Aug 20, 2014

How To Help Your Grandkids Save For College

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You may have saved and paid for college once before — for your children. However, many people approaching or in retirement may be paying for college again — but this time for their grandchildren.

College comes with a hefty price tag, but do you know how much? A four-year degree at a public school can cost about $100,000 and a private institution can cost about $164,000 or more, according to the U.S. Department of Education.

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