Ways to Save for Your Child’s College Education
- Ways to Save for Your Child's College Education
- 529 college savings plans
- Other options for paying for your child’s college education
- The bottom line
Ways to Save for Your Child's College Education
529 college savings plans
Coverdell education savings account
- At the time you set up the account, the beneficiary must be younger than 18 years old or be a special needs beneficiary
- It must be designated as a Coverdell ESA at the time you set it up
- All documentation for setting up and governing the account must be in writing
Custodial savings account
High-yield savings account
- You can access the money whenever you want
- There are no limits on contributions
- You can use the money for anything you want
Eligible savings bonds
Permanent life insurance policy
Other options for paying for your child’s college education
Apply for financial aid
Get a home equity loan
Get a personal loan
Do all college savings plans have tax benefits?
Will my college savings plans affect my child’s application for financial aid?
The bottom line
Reclaim Up to $610/Year in Car Insurance
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Using CarInsurance.net, people have saved up to $610 a year.
It takes just a few minutes to see how much CarInsurance.net could put back in your pocket. And the best part? Because we’re driving less, some insurers are slashing prices this month.