Millions of Americans Face $100,000-Plus Annual Hit for College and Long-Term-Care Combo
KIRKLAND, Wash., July 23 (SEND2PRESS NEWSWIRE) — According to LTC Financial Partners, millions of American couples may be in for sticker shock when their kids reach college age. It’s not just the rising annual cost of college, $23,712 for 2007-08, up 6.2 percent from last year, for a private four-year institution, according to the College Board. It’s also the escalating cost of long term care for their parents, their other set of potential dependents.