(WFXR) — It’s that time of year when colleges and universities are preparing and mailing acceptance letters to thousands of seniors at Virginia high schools.

While opening that letter is one of the most exciting moments in a student’s lifetime, the next steps can feel overwhelming.

With college tuition going up at twice the rate of inflation, paying for college is a top concern for students and their parents.

However, a great way to set your child up for success is to start saving now.

Mary Morris, the CEO of Virginia529, joined WFXR News’ Charmayne Brown and Evan Johnson on “Good Day Virginia” to share tips on how to financially prepare for college.