Setting money aside for a child’s or grandchild’s future education expenses can help put a dent into the costs of private school or college. Investing can help prepare for these expenses and may do so in a tax-advantaged way.
This plan offers tax advantages toward tuition at private schools from elementary through college. Learn More
The accounts offer tax benefits and the flexibility to use funds for educational or noneducational expenses. Read Now
These state-sponsored plans offer tax advantages, high contribution amounts, and flexibility. Learn More
Other choices for college savings
Other savings options not specifically designed for education may also be appropriate. Those can include savings accounts, taxable investments, and even IRAs. Each investor will need to decide which college savings plan is best based on individual circumstances.