Education
How to Save Money for College
Everyone knows that college is an important step in the life of any person. It is one of the main goals, the accomplishment of which offers high hopes for a successful future.
However, it is not a big surprise that higher education comes at a considerable cost, with tuition fees getting higher each year.
Forward-looking parents who want to ensure future prosperity for their children usually start saving for college as soon as their babies have managed to make the first step.
Even more prudent parents are sure to have a definite plan of making savings for their offspring’s studies. Even if you haven’t started yet, and your child is about to mail out application letters, it is never too late.
Nevertheless, a good plan is always a beneficial strategy, especially in financial endeavours. Here are some tips on how to save money for college.
Set a Definite Goal
That is the place to start from. To plan something, you need to know what exactly you are planning for. Assess your needs and define what sum is required for them. Answer some questions:
- For how many children are you going to pay?
- How much time is left before they go to college?
- For how many years will they study?
- Are you going to fund all this period or only half?
- What college do you have in mind? Public, private, or community? In- or out-of-state?
- What are the projected expenses for accommodation and transportation?
Of course, some of these questions may have no definite answer so far. Thus, it would be prudent to have several possible scenarios. But in any case, at least approximate calculations can help to see the final picture and define the further plan. Conduct some research based on your goals derived from the answers and make use of online financial calculators to help you with estimates and budgeting.
Define the Way of Saving
When the definite goal is set and you know what sum (at least approximate) you’ll need to cover, you have to decide on the saving and investment vehicle that will help you achieve your objectives. There are a number of options, some of which offer rather attractive tax-saving benefits.
As some of the examples, you may use section 529 plans, Coverdell Education Savings Accounts (ESAs), Individual Development Accounts (IDAs), or taxable mutual fund or brokerage accounts. Each of them comes with its pros and cons, of course. Make some online research to learn more about each available option to decide which one is the most beneficial for you.
Start Saving
Of course, it is more than obvious that the earlier you start saving, the more money you will get at the end. But even if you started a bit late, you still have good chances with an advantageous plan. Just remember to keep discipline in setting aside some amount regularly.
Make it a part of your monthly household budget like utility bills or sign up for automated regular contributions to the savings account if needed. By the way, some savings plans may be open for other parties, so do not hesitate to involve other relatives or friends who want to contribute.
Consider cutting on your daily expenses. Analyze your family budget and think about where you could save more without creating a considerable strain on your everyday lives. Make use of all the possible bonuses, loyalty programs, and wage rises. Every penny matters for your precious child and their prospects in life.
Consider Financial Aid
Undoubtedly any assistance from outside will be useful, so consider all the possible options.
Scholarships and grants take the first position on the list. If your children do not qualify for need-based ones, pin your hopes on merit-based awards. Encourage your kids to strive for higher achievements in studies and extra-curricular activities and help them succeed at every step they take. Explain to them that this is a good helper in planning for their future, but do not get overly demanding though. Psychological traumas will not pave their way into college.
Student loans are another way of financial aid that you as a parent may get for your children’s college education. Start with filling out the Free Application for Federal Student Aid (FAFSA) at the Department of Education, which will consider if and how much federal aid you may qualify for.
If you have no other way out but for borrowing, try all the possible federal loan options in the first place. Banks and credit unions offer private student loans but usually with much higher rates. In any case, you should research and study this issue thoroughly and carefully before signing any deals, assessing the sum you can afford to borrow, and examining all the possible repayment options.
One more viable option to help you save for your children’s college is engaging them in the endeavour and encouraging them to get a part-time job. While still in high school and after having been admitted to a college, your kid can perform a myriad of jobs. They can work in a local library, store, or cafeteria, write Pro-papers for their peers, deliver mail or pizza, or even get employed as a junior assistant in your company.
In addition to helping you bridge the financial gap, such a move will teach them independence and responsibility from a young age. They should understand that investing in their future and relieving their parents from the burden at least partially is very honourable.
Bottom Line
Of course, college for your children demands a lot from the parents. It is not a surprise for anyone that ensuring your kids’ bright future is a costly pursuit. However, a security plan and your firm resolve can help you remove mountains. Plan and start saving as early as possible to get more opportunities for yourself and your children.
By Aduragbemi Omiyale
Over 200 senior students of Cleggs Girls High School, Surulere, Lagos, were on July 23, 2026, engaged in practical knowledge about the risks associated with smoking, vaping, and shisha.
This engagement was made possible through a collaboration between Breathe Life Foundation and Teach Nigeria Fellow.
Participants were students aged 15–19 years. They were also informed about the misconception that shisha is a safer alternative to cigarettes or other substances.
Through an engaging and interactive discussion, students explored the influence of peer pressure and learned practical strategies for making healthier, more informed lifestyle choices.
They also gained a better understanding of common environmental triggers of asthma and other respiratory conditions, including cigarette smoke, generator fumes, bush burning, mosquito coil smoke, candles, charcoal, and firewood.
The session highlighted an important reality: young people may not always recognise how seemingly routine lifestyle choices and environmental exposures can gradually affect their respiratory health, quality of life, and long-term wellbeing.
For Breathe Life Foundation, this reinforces the importance of shifting the conversation from treatment to prevention through awareness and education.
By equipping young people with the knowledge to identify risks and make healthier choices early, the foundation is helping to build a generation that is more conscious of – and better prepared to protect – its respiratory health.
The organisation said it is dedicated to advancing respiratory health, an often-neglected public health priority. Healthy lungs are essential to life, yet respiratory diseases remain among the world’s leading causes of death and disability, even though many are preventable and treatable.
By Aduragbemi Omiyale
As part of its Corporate Social Responsibility (CSR) schemes, the Obajana Plant of Dangote Cement Plc has distributed some educational materials to some pupils in Kogi State.
The items shared to the beneficiaries included school bags, exercise books, writing materials, water bottles, and other essential learning aids aimed at enhancing the learning experience of the pupils and preparing them for the next academic session.
The General Manager for the Social Performance Department of Dangote Cement at Obajana Plant, Mr Ademola Adeyemi, said the materials were donated days after Dangote Cement distributed similar education materials to pupils in public schools in its catchment communities of Oyo, Iwaa, Obajana and Apata; and commissioned a multi-million-naira hospital in Obajana, which added to the growing list of social investments that includes an earlier hospital project in Iwaa and Oyo Communities.
He noted that, over the years, the company has invested billions of naira in a wide range of social programmes for host communities, including empowerment programmes, road construction, and potable water projects, and it remains resolute in its commitment to sustaining and expanding its interventions.
He noted that the company’s corporate social responsibility programmes are aligned with government development priorities and are implemented through sustained, mutually beneficial partnerships.
“The intervention was informed by findings from a needs assessment conducted by Dangote Cement. During the assessment, it was observed that several pupils attended school without school bags, while others carried their books by hand. It was also discovered that many students lacked essential learning materials such as exercise books, pens, pencils, and other basic learning materials,” the cement firm said.
The Head Teacher of UBE LGEA School, St. Luke Model II, Adankolo, Lokoja Local Government Area, Mr Abubakar Sanni, expressed profound appreciation to the management of Dangote Cement for the gesture.
The Head Teacher expressed gratitude to the Group President of the conglomerate, Aliko Dangote, for extending the company’s educational support programme beyond its host and impacted communities to schools located at the state headquarters.
The beneficiaries, school management, parents, and community stakeholders expressed gratitude to Dangote Cement for the timely intervention and prayed for the continued growth and success of the company in its efforts to improve lives and support sustainable community development.
By Adedapo Adesanya
The Nigeria Prize for Literature has unveiled an 11-title longlist for its 2026 edition, selecting the outstanding poetry collections from a record 223 submissions received for the competition.
This was contained in a press statement signed by General Manager, External Relations & Sustainable Development, Mrs Sophia Horsfall.
The announcement, by the chairman of the Advisory Board for the Prize, Professor Akachi Adimora-Ezeigbo, marks a significant milestone in this year’s competition and reflects the exceptional quality, creativity and diversity of contemporary poetry.
The longlisted titles, arranged alphabetically, are:
1. Adult Love by Tanure Ojaide
2. Bakandimiya by Saddiq Dzukogi
3. Black Passport by Paul Akpomuje
4. 2000 Blacks by Ajibola Tolase
5. Ceremony for The Nameless by Theresa Lola
6. Corpus: Animistic Verses by Ayo Oyeku
1. Floral’s Love Colony by Tares Oburumu
2. The Origin of Wounds by Malik Gbolahan
3. The Years of Blood by Adebayo Agarau
4. Unbind Me Now by James Ugwu Eze
5. Why Does God Need a Gun by Ogaga Ifowodo
Professor Adimora-Ezeigbo described the announcement as an important stage in the 2026 edition of arguably Africa’s biggest and most prestigious literary Prize.
She noted that the collections demonstrate the remarkable capacity of poetry to illuminate human experience through thoughtful reflection, cultural memory and artistic expression.
The academic added that the works revisit history while interrogating dominant historical narratives and exposing the forces that shape collective identities and social relations.
She stated that despite their varied emphases, the books share a commitment to exploring the endurance of individuals and communities in the face of violence, oppression, and social fragmentation.
Commenting on style and language, she said the books display an impressive diversity of poetic techniques marked by lyrical intensity, symbolic depth, and artistic innovation.
“Many employ densely poetic, allegorical, and elegiac modes that invite multiple layers of interpretation, while others draw extensively on folklore, oral traditions, and contemporary realities to create a compelling fusion of past and present. Their language is generally fluid, evocative, and aesthetically refined, relying on vivid imagery, emotional resonance, and intellectual sophistication to communicate complex ideas. These works demonstrate how poetic language can illuminate social realities, challenge established perspectives, and give voice to both individual and collective experiences.
“The next stage will demand a closer reading of each work, with attention to language, form, originality and lasting literary value,” she stated.
She also commended the judges for their work and reaffirmed the Advisory Board’s commitment to a credible process, literary excellence and the promotion of a strong reading culture.
The announcement of the 11-title longlist formally opens the next phase of the shortlist of three in August and the possible announcement of the winner in October.
The Nigeria Prize for Literature, sponsored by NLNG, carries a cash award of $100,000 for the author of the winning book. In its 22nd year, the prize rotates annually across four genres – prose fiction, poetry, drama and children’s literature – with the 2026 edition devoted to poetry.
