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Many parents ask themselves how to afford college costs for children. The answer is that saving everything shouldn’t be the primary goal.
A 529 education savings plan is a tax-favored program operated by a state designed to help families save for future education costs.
There are many ways to save for college such as 529, Coverdell, and Uniform Gift to Minors. Let us help you by offering savings and debt reduction ideas.
How should you save for your child's college education? Consider these plans.
Review various inflation rates to see how much you can save.
Teach your kids good financial habits.
When the kids no longer need child care services, dedicate that money to college funding.
Be ready for those higher education costs by planning ahead.
It doesn’t have to be an either-or, but there are important considerations to review.
The information in this article was obtained from various sources not associated with State Farm®. While we believe it to be reliable and accurate, we do not warrant the accuracy or reliability of the information. These suggestions are not a complete list of every loss control measure. The information is not intended to replace manuals or instructions provided by the manufacturer or the advice of a qualified professional. Nor is it intended to effect coverage under our policy. State Farm makes no guarantees of results from use of this information.