Students turn to crowdfunding to pay for college

Stefanie Botelho's picture

Paying for college can take some planning, just ask the financial advisors.

"It does cost somewhere between five hundred dollars a month and one thousand dollars a month for a newborn to start funding for college if you want to fully fund," Natalie Brinkman of Prosperwell Financial pointed out for parents saving now for kids to go into higher education the years down the road.

The College Board estimates that a moderate state college for the 2012-13 academic year cost a little more than $22,000, and a private school is double that.

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