His eldest son, Kgomotso, hopes to become a doctor, but Mr. Sello said he had nothing saved for tuition.
Another break is given to taxpayers who save for tuition and expenses at state colleges and universities through "529" plans.
In a major expansion of the 529 concept, the legislation lets people save for tuition and expenses at private colleges and universities.
While you may have already saved for tuition, it is important to think about housing, application fees, travel expenses, car rentals, upgrading laptop computers or phones before leaving for school and setting guidelines on how many times a student can fly home. .
1. Make Retirement Savings Your Priority If you have kids, you may be feeling the need to put your retirement savings on hold in favor of saving for college tuition.
'O.K., here's the reality: You're not going to play a snap for the Mountaineers this season.' " Erik Hall, 22, a sophomore from Davis, Calif., said he had spent the past two years saving up for tuition by delivering sandwiches for a Jimmy John's shop.
He also promoted tax cuts to help parents save for college tuition, job retraining, health insurance and long-term care and, for businesses, research and development.
A tall, earnest man, who drove a company delivery truck before hurting his back carrying an armoire and then moved to sales, Mr. Canoy said he planned to use the options to save for college tuition for his 5-year-old daughter.
What about saving for your kids' college tuition?
And then there are all of life's other costs — college tuition, saving for a down payment on a home, health insurance.
