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Save for College: The Definitive Guide to College Saving

A person researching how to save for college.

No matter how old your children or your grandchildren are, college is probably something you’ve thought about. Will they want to go to college? Will they attend your alma mater? Will they move far away or stay closer to home to continue their education? And how will you pay for college? After all, the cost of college continues to rise every year.

The good news is that you’re trying to find answers to these questions now,

What’s Your College Savings Strategy?

A jar of coins representing a college fund.

Whether you’re a spender or a saver, it can be difficult to put money aside for college, especially when your kids are young, and college seems so far away. However, this is the best time to start saving, because you have time to watch the money grow, and can update your college savings strategy as your budget allows. Even if your kids are older, it’s not too late to develop a plan to help your children reach their education goals.

How to Start a College Fund for Your Child

A parent passing money with a sprout to their child.

The cost of college is on the rise, and no generation knows that better than millennials. Many young parents today are still paying off their own student loans; while trying to save for their children’s education. The good news is, starting a college fund while your child is young gives you a good amount of time to create a solid nest egg for their future. The decision now is where to put your money?

Local Family Dreams Big for Higher Education with 529 Day Contest Win!

The winning family of the NC 529 Dream Big 5/29 Day Drawing.

Congratulations to Andy Ewens, Ph.D., of Cary, North Carolina! Andy is the winner of the “Dream Big 5/29 Day Drawing to Win $5,529” in celebration of National 529 College Savings Plan Day. Andy’s name was selected at random from a long list of entries. The contest, sponsored by College Foundation, Inc. (CFI), was open throughout the month of May with the goal of raising awareness about college savings accounts and providing a deserving family with an extra boost to their own college savings.

How Well is My 529 Plan Performing?

Stacks of coins with sprouts symbolizing growth.

Most parents understand how important it is to save for college. While a 529 plan is one of the most efficient and effective ways for families to save for school, many parents don’t know how to choose the right 529 plan. How is a parent supposed to choose the right 529 plan based on its performance?

Know How 529 Investments Work

A 529 isn’t like a regular savings account.