College Savings Strategies
Saving for college takes planning and discipline—and an understanding of the choices available to help you make a college education an affordable choice for you and your children.
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Smart Saving for College
If you have kids, you want a college education for them—but:
- Do you know how much college costs?
- Do you know how much you need to save?
- Do you know the many different tax-advantaged ways to save for college?
We've written a guide to answer these questions and give you the information you need to save and invest wisely for college. Investor Alert
Since 1997, investors have had the opportunity to contribute to Section 529 college savings plans, which offer tax advantages that have made them a popular investment vehicle for saving for college. The good news is that there is no shortage of college savings plans to choose from—especially given the fact that in many cases you do not need to be a resident of a state to invest in that state's college savings plan. But select with care—and do your homework!
Read College Savings Plans—School Yourself Before You Invest
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529 Plan Expense Analyzer
Because fees and expenses can vary widely from plan to plan, FINRA has developed a tool to help you compare how these fees and expenses can impact returns. The analyzer is designed to work with most college savings plans. It explains the various fees and provides guidance about where to find them in 529 disclosure documents. It also provides prompts that help ensure the best possible comparison between plans. Try it now. Tools and Resources
These tools and resources will help you achieve your goal of a college education for your kids.
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Read Frequently Asked
Questions About Saving &
Investing
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