Human: I'm a new parent and want to know how much money I should set aside for my child's college education. Assistant: 
The best way to determine the amount of money you need to save for your child’s college education is to consult with financial advisors, create a budget, and assess your family’s current financial situation. It is important to understand that there are many variables that go into determining the total cost of college, such as the type of institution attended, the length of time in school, and any scholarships or grants received. Additionally, it may be beneficial to research the average costs of tuition and living expenses at different colleges so you can make an informed decision about which one is right for your child.