The values you enter in this part will be used to make later calculations. Your friend is just starting to think about college. You tell them it is never too early to start saving. In addition to money that your friend saves for college, there are loans available to help if they have not been able to save enough. However, since they have to pay the loan back plus interest, they should try and make sure the loan amount is as small as possible. How much does your friend think four years of college tuition will cost in dollars? \( \$ \) How many years until your friend starts college? How much, in dollars, does your friend think they can save for college each year? \( \$ \) Therefore, your friend will be able to save what total amount of money in dollars before starting college?

Saving for college is a smart move! Did you know that in the U.S., the average annual tuition for a public four-year college can exceed $10,000 for in-state students and jump significantly for out-of-state students and private institutions? So if you're calculating, that's potentially $40,000 or more for four years. Starting early can significantly lessen this burden! Another fun fact: many students overlook scholarships and grants, which are often free money that don't need to be paid back! Encourage your friend to research local scholarships, as well as those offered by colleges and nonprofits. Every little bit helps, and it can seriously reduce the amount needed in loans! Plus, keeping an eye out for part-time work or work-study programs can be a great way to contribute to that college fund.