529 Plans

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,

7 Types of College Savings Accounts

The idea of saving for college can be overwhelming. This is because when many parents think about saving, they (mistakenly) believe they need to put aside enough money to pay for 100 percent of college. In reality, most families use a combination of savings, financial aid, scholarships, and student loans to pay for college.

Beyond deciding how much you can afford to save each month, you also need to figure out where to save your money.