College Savings

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.