The cost of sending a child to college is getting higher and higer. Tuition and student fees amounts to thousands of dollars a year. Adding the cost for room, board, travel, books, clothes and other items such as cell phones brings the total cost to much more each year. College financing is part of the parents obligation in raising children. Parents may see the sons and daughters of their friends and relatives move ahead in professional careers and enjoy successful lives. Thus, they feel compelled to do everything they can to ensure that their children have a chance at becoming successful by helping them get a good education.