Nevada pre-paid tuition enrollment closes Tuesday - FOX5 Vegas - KVVU

Nevada pre-paid tuition enrollment closes Tuesday

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LAS VEGAS (FOX5) -

Each year, college tuition becomes more expensive. The College Board, a non-profit student advocacy group, showed tuition shot up 130 percent in the past 20 years.

Many Americans worry how younger generations will get through school without massive debt.

Local radio disc-jockeys Rick Hall and J.D. Smith said they're already concerned about the education of their children.

Smith has five young children.

"I can only imagine what it's going to be like in 12 years when my first ones are hitting freshmen (year) in college. It's going to be like another mortgage payment," said Smith.

Smith recently finished paying off his student loans and doesn't want his kids to have that debt down the line.

Hall has a two-year-old and says his wife's bills just started to show up. "Every time we see those bills come in the mail, it's a reminder that as parents we're going to have to do this. We're going to have to do this again," he said.

Hall and his wife are looking to have more kids. Right now, they're focused on paying off his wife's debt and then they'll work to build a fund for their kids.

Smith already puts a little away each month. He has looked at plans like the Nevada Prepaid Tuition Program, which locks in today's tuition rates for families, but in this economy he says it's just too pricey. "The base is going to be 200 dollars a month for like fourteen years, which seems okay, but month to month you got braces, you have all sorts of stuff coming up," he said.

Both men say despite the rising cost, their kids will go to college. They say life is too difficult without the degree. Hall himself did not attend a university. He says it was hard to get where he is at today without it and doesn't want his daughter to have to deal with that, too.

In the years ahead, the families each plan to learn how to navigate the system, finding out about financial aid, scholarships and more. They say in this day and age it's simply better to be prepared.

A report which came out in late 2011 shows the average cost for a state university is more than $17,000 a year with room and board. The cost more than doubles for private schools.

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