2. Turn off the main water supply for the house. Put a bucket under the drain pipe. Open the cold-water handle of the kitchen faucet and let the water drain out if you're replacing the cold valve. Drain the hot side if you're replacing the hot valve.
According to Fidelity, a family making $55,000 would need to save $48,000 to cover the qualified expenses of a public university and $107,000 to cover such costs for a private one. This translates into saving $160 a month for a public college and $410 a month for a private one.
Middle-income, married-couple parents of a child born in 2015 may expect to spend $233,610 ($284,570 if projected inflation costs are factored in*) for food, shelter, and other necessities to raise a child through age 17. This does not include the cost of a college education.