Start a 529 College Savings Account
Saving for your child’s college education isn’t always easy to do financially, but it can also be one of the best things you can do to help ensure they have a great financial start!
1. Plans are good nationwide.
Most states and a number of financial institutions offer 529 plans, and the plans are not restrictive to the state you live in or where the student attends college.
2. Anyone can open a 529 plan account.
Parents, grandparents and even friends can open a 529 plan for a potential college student, regardless of how much money you make. You can even start a 529 plan for your own education. It is also a great tax-advantaged investment vehicle for higher education investors.