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Plan for technology costs when saving for college

Textbooks may soon be as outdated as the phrase “Kodak moment.” That’s how Jeff Livingston, a vice president with McGraw-Hill Education, sees it, U.S. News reports. “Kids won’t even know what that word means,” he says. A result of this shift is the need for devices to access instructional materials from a personal computer outside of college computer labs, Livingston says. Parents who are saving for their children’s college education shouldn’t ignore this unavoidable expense just because it wasn’t a necessity during their university days. Experts recommend looking at past trends and current college technology needs as parents take the following steps to develop a savings plan for their child’s future technology expenses.

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