Saving for College

When it comes to saving for your student's college education there are several options that parents commonly use. Each option has significant advantages over the traditional method of savings for college by depositing money in a savings account.

Each savings strategy has its own advantages as well as disadvantages.

Choose an option below to learn more about a specific savings strategy and how it can help you save for college.

Section 529 Plans
Perhaps the most popular savings program, we provide information about the two kinds of 529 plans.

Coverdell Education Accounts An additional savings plan that grows tax free and provides tax free withdrawals.

Custodial Accounts (UGMA/UTMA) A common method for transferring money and assets to minors which can be used to cover education expenses.