Three colleges that benefit siblings, families

Some colleges offer discounts for siblings that attend the same college concurrently.

As college costs continue to skyrocket, American families are finding it increasingly challenging to pay for college for a single child, much less multiple college-age children simultaneously.

According to a recent College Board study, the median cost for a year at a public four-year higher education institution is $8,672; a year at a private nonprofit four-year institution is $30,200.

But parents of multiple college-age children soon might find a bonus in having two children enrolled in higher education: A growing number of schools are beginning to offer discounts for siblings who are enrolled in the same schools.

Here are three such colleges that offer sibling discounts and grants to help alleviate college costs for siblings that attend the same university.

(Next page: Schools offering sibling discounts)