Money Fix: Plan for senior-year costs

Forget about paying just for college. If your child is entering his or her senior year of high school, you'll have to plan for any number of added expenses -- class photo, yearbook, cap and gown -- before making even one college tuition payment.

The key is not to be caught off guard, which is why the National Endowment for Financial Education advises parents to "get a big-picture view of possible expenses" by checking with the school and other parents.