A Guide to College Savings Plans
If you’re like 9 out of 10 American parents, you want your child to attend college, and chances are you want to provide him or her with more money to pay for college than you got from your parents. But making a good dent in your kid’s college education expenses is a tall order today — the average one-year cost (including living expenses and books) for an undergraduate student attending a four-year private college is a whopping $42,429.
Here’s the good news: There are special college savings plans available to help whatever you can set aside grow into substantial savings. This guide is intended to help financial supporters of tomorrow’s college students determine the best way to save money for college expenses. We’ll highlight the advantages of various college savings plans and differences between each savings option.
… College Savings Plans Questions & Answers
College savings experts Mark Kantrowitz and Stacy Francis offer their insights on the best way to save for college expenses in this Q&A session.