College Saving Plan*
College seems a long way off when you bring your new baby home from the hospital, but the far-off nature of higher education shouldn’t move college savings strategies too far down your list of priorities. The good news is that there are several methods that can help you get started saving now, potentially saving your child (and you) from student loan debt down the road.
According to our annual College Savings Survey, 68% of respondents have already started saving for college using a variety of different accounts. And 44% of those who aren’t saving say they haven’t started because they don’t have time to research their options.
- 529 College Saving Plan
- Custodial accounts under UGMA/UTMA
- Qualified U.S. Savings Bonds
- Coverdell ESA
- Roth IRA