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Saving Money for College in a 529 College Savings Plan

By Meaghan Montrose

College – most parents want their child to go there, but how do they afford it? The costs of college, such as online colleges is getting higher and higher each year. In order to save enough money parents need to start considering a savings plan as soon as the child’s first birthday (or maybe even earlier!). So, what’s a parent (or Aunt or Uncle or Grandparent or Godparent) to do?

One answer, the Smarter Wallet recommends using a 529 college savings plan. According to the post, one of the main benefits to the plan is the flexibility of the investment. Check out the entire post on 529 College Savings Plan As A Child’s Gift.

Related posts you may have missed:

How to Maximize College Savings for Your Child- Read about tips to make the most of child’s college savings.

UPromise: Saving Money for Your Child’s College Education- Find out more about this college savings service. UPromise allows everyone in the family to contribute to the savings account.

Topics: College Preparation and Advice, Money and Business Advice | 2 Comments »

2 Responses to “Saving Money for College in a 529 College Savings Plan”

  1. WonderMom Says:
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    Once you even THINK about having kids, you should open up a college savings account!

  2. College Saving Plan Says:
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    College savings plans generally permit an account holder to establish an account for a student for the purpose of paying his or her eligible college expenses. investing in a 529 plan will generally reduce a student’s eligibility to participate in need-based financial aid. Good job for the posting be continue please

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