Funding your child's college education can seem like a daunting task, but if you start early you can build up substantial savings with relative ease. The power of compound interest only works when you give it plenty of time to work. Even if your son or daughter is approaching their first year of college, it isn't too late. There are many tax benefits available for college savings, so even if you can't take advantage of 10 years of growth, you might be able to save money on taxes. Find out how much money you can save for your child's education by looking at the following examples.
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Hi, my name is Rebecca Cohen and I am part of the Newegg.ca team. New Egg Canada is launching new initiatives to help students save on costs while still having all of the latest back-to-school items. On September 21st, New Egg is asking “What will I do with the money I save at New Egg?” The New Egg Extreme Campus Challege asks students to make a 30 second video answering this question and the most creative and inspiring video will win $5,000 towards New Egg products. The campaign is month long and is open to post-secondary students across Canada. Students can share their answers with friends by using facebook, youtube and twitter. They will also be able to view other students’ videos from across Canada and the U.S., and feel that they are not alone in this recession. One will be able to see how the economy affects students from each province, as well as comparing the effects on students from the U.S. and Canada. The videos will reflect just how bad these times are for students and will show what students will want to spend their savings on.