Understand Your Education Funding Options
Your child looks to you for help in getting an education, and you can look to us for help figuring out the funding. Your State Farm® agent can explain your choices and help you tailor a plan that can get your family's hopes for higher education to a better state. Contact an agent.
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Education Planning: Get Started
Education Planning: How Much Do You Need?
Use our calculator to find out
Education Planning: Build a Plan
Start by setting your goals
Consider Investing Money Once Budgeted for Childcare
As your child grows older and starts school, consider beginning an investment program using the money previously spent on childcare. There are a number of investment opportunities available that offer tax advantages while you accumulate funds to help pay future education expenses. 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
Parents are always 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 child. Explain to them that, long after toys break or clothes are outgrown, a deposit into an education savings account will still be appreciated.