Saving money is the first step you can take when planning for college costs. Put away as much as you can, as early and often as you can to accumulate a pool of funds to apply toward your education.
Pro-Tip: Do not be discouraged if you can only save a small amount at a time. A dollar saved today is a dollar that you won’t have to borrow in student loans later.
Typical College Savings Methods Include…
Bank or credit union savings accounts,
A 529 College Savings Plan,
Coverdell Education Savings Account
Most states have a 529 plan and a Coverdell ESA that will have tax advantages and can be used for qualified higher education expenses. Click here to find your state’s 529 Savings Plan.