In the United States, college can cost hundreds of thousands of dollars. Families start saving money when their children are very small so that when it is time for the kids to go to college, they'll have enough. That saved money is called a "college fund."

Attending university (college) in America can be very expensive, and the students receive little support from the government. It is common for families to save up money so that their children will be able to go to college. Or, young adults can save up money themselves so that they will be able to go to college later. This money is called a 'college fund'.