Learn new ways to pay for your child's college.

With the ever-rising costs of higher education, will you be able to afford to send your child to college? According to the College Board's survey of colleges in 1997-1998, public four-year private colleges increased tuition and fees an average of 5 percent. Compared to 10 years ago, colleges are now charging nearly twice as much.

The earlier parents start to accumulate funds for their children's education, the more likely they are able to finance education with a minimum of student loans. Where should you start?

First, it's important to determine the approximate amount that your child will need when they reach college age. The accompanying charts and worksheet were developed by LIMRA International, a marketing research firm, to help you estimate these costs.

Once you've calculated the approximate cost, what are the various college planning options? Here are a few for your consideration:

Texas Tomorrow Fund

John Sharp, former state comptroller, spearheaded the …