When saving for college, compound interest can be your friend. The sooner you start the better prepared you are to pay for the rising cost of college education. Let\u2019s face it you may think your child will score a scholarship but chances are you\u2019ll still need to cover additional expenses. It\u2019s smart to start saving for your child\u2019s college education as soon as possible.\n\nThe longer you wait to start saving the less interest you will accumulate and the more you will have to save to make up for lost of time. \u00a0Use the power of compound interest and start saving the minute you hear the great news you\u2019re having a kid.