College Savings Plans Can Be Confusing. Let Us Help.

You face challenges that your parents didn't: soaring tuition costs and an array of funding options. Your State Farm® agent can help. With an education savings plan from State Farm, you can get your student started on the path to higher learning. Contact an agent to learn more or open an education savings plan.

Contact an Agent

for details or to open an account

529 College Savings Plans

For most colleges nationwide

Coverdell Education Savings Account (ESA)

Save for Kindergarten through grad school

Custodial Accounts (UGMA/UTMA)

Give the gift of college

Importance of Saving & Creating an Education Savings Plan

  • College costs keep rising. In 2014-2015, tuition and fees for in-state students at public, 4-year colleges and universities increased 2.9%. This followed an increase of 2.8% in 2013-2014. 1
  • Every dollar saved is one less dollar borrowed. Student loan debt is now higher than both credit card and auto loan debt, and second only to mortgage loan debt. 2 Plan ahead to help your student graduate without overwhelming debt.
  • It's never too early to start saving for education. With regular contributions into the right plan, and the benefit of both compound interest and potential tax advantages, even modest amounts can grow significantly over time.

Why State Farm?

Along with a range of education savings plans and funding options to choose from, you also have a State Farm agent to work with. Someone to help simplify the terminology, explain your choices and tailor a plan that can get your family's hopes for higher education to a better state. Contact an agent to learn more or open an education savings plan.

Let's Compare Plans

1The College Board, Trends in Higher Education, Average Published Undergraduate Charges by Sector, 2014-2013

2NYDailynews.com, May 17, 2014

State Farm Bank®, Bloomington, Illinois, is a Member FDIC and Equal Housing Lender. NMLS ID 139716. The other products offered by affiliate companies of State Farm Bank are not FDIC insured, not a State Farm Bank obligation or guaranteed by State Farm Bank, and subject to investment risk, including possible loss of principal invested. Contact State Farm Bank toll-free at 877-SF4-BANK (877-734-2265). Callers who are hearing or speech impaired should dial 711 or use a preferred Telecommunications Relay Service.

Federal Deposit Insurance Corporation Logo
Equal Housing Lender Logo