Anne Richard, Former dean of admissions at three top-tier law schools (UVA, GW, GMU); Yale Law and BC grad
I think it is a very good idea to start saving money for college at an early age, for a number of reasons. College is expensive and you want to do whatever you can to help minimize amounts you and/or your family will have to borrow to cover the costs of tuition and living expenses during your college years. And you should do what you can to neutralize the impact of financial considerations on your college choice. You want to be in a position to accept an offer of admission from the more expensive School X, your first choice school, rather than having to go to School Y, your second or third choice school, because School Y is offering a large scholarship. Even if your family has resources and will help pay for college, it is good for you to invest in yourself. Being focused on saving money you earn in your young teenage years and establishing your own college savings plan will help give you a sense of ownership in and responsibility for your future.