College Savings

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.

Add College Savings to Your Back to School Shopping List

Young family shopping for back to school supplies.

As a parent, it’s all you can do to cut corners wherever possible. You do more with less while you take pride in your child’s enthusiasm for learning. But what if there were a better way? Every year, you have to buy markers, crayons, composition notebooks, and more. It feels as though the list of school supplies grows longer with each grade. As a parent of a child in elementary school,