Understand Your Education Funding Options
Your student looks to you for help in getting an education, and you can look to us for help figuring out the funding.
Contact an Agent
Consider Saving or Investing Money Once Budgeted for Childcare
As your student grows older and starts school, consider opening a savings or investment account using the money previously spent on childcare. There are a number of savings or investment options available. These include a 529 College Savings Plan, a Coverdell ESA (Education Savings Account), or the Custodial Accounts (UGMA/UTMA).
Education Is the Gift that Lasts a Lifetime
You may be looking for ways to keep up with continuously rising college costs. Many have found it helpful to encourage friends and family to contribute to education savings.
Grandparents, aunts and uncles, friends and neighbors may all welcome the opportunity to help your student. Explain to them that, long after toys break or clothes are outgrown, a deposit into an education savings account will still be appreciated.
Find an Agent
For educational purposes only.
State Farm and its affiliates do not provide tax, investment, or legal advice. Federal and state tax laws are subject to change. If tax, investment, or legal advice is required, please seek the services of a licensed professional.