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.

Smart Saving for College

Smart Saving for College

Do you know how much you need—or the many tax-advantaged ways—to save for college? This guide gives you the information you need to wisely save and invest for college. You can make a college education an affordable choice for you or your child.


Know the Cost of College Loans

There are two broad categories of student loans—federal student loans and private student loans, which are non-government loans issued by commercial lenders. Understanding the difference could save you money.

College Savings Plans—School Yourself Before You Invest

There is no shortage of 529 college savings plans to choose from—mainly because in many cases you do not need to be a resident of a state to invest in its college savings plan. But select with care—and do your homework!

College Savings Calculator

Use our college savings calculator to determine the amount you must invest each year to have enough money to cover all college costs.

529 Plan Expense Analyzer

Compare 529 plan fees and expenses and see how they can impact returns. The analyzer also explains various fees and provides guidance about where to find them in 529 disclosure documents.

Learn More About the Post-9/11 GI Bill

The Post-9/11 GI Bill pays for education and housing costs for military servicemembers, veterans and dependents. Here is some basic information you should know, plus links to more information.

Additional Resources

Smart Student Guide to Financial Aid
A helpful website for understanding financial aid and determining eligibility.

College Savings Plans Network
The National Association of State Treasurers' College Savings Plans Network website provides information on Section 529 Plans. The site provides links to individual state 529 Plan websites, information on state tax treatment and more.

IRS Publication 970, Tax Benefits for Education
This IRS publication discusses Section 529 Plans, Coverdell Education Savings Accounts (ESAs), and savings bonds. It also contains information on tax credits and deductions for higher education expenses. You also can call the IRS toll-free at (800) 829-3676 to order publications.