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| Want to start saving for college, but too overwhelmed by all the choices? Don't let the mumbo-jumbo get you down. It's never too late to start saving for college, but it's never too early either. Here are six tips to get you started. Get a Sense of College Costs Knowledge is power. But too often, parents let fear get in the way of it. You can't save for college if you don't know how much it costs. Educate yourself on education. Compare the price tag for state schools, private schools, two-year versus four-year schools, and in-state versus out-of-state tuition. All these eventual decisions greatly impact the future cost of your child's college education. There are plenty of college cost calculators available on the Internet. Put them to use! One of my favorites is |
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| Get to Know the Numbers 529 Will Power Dot Net |
| When it comes to saving for college, 529 could be your lucky number. Section 529 Qualified Tuition Plans are especially set up for parents saving for college and they can help you tax-wise. Basically, the plans come in two flavors: prepaid tuition plans and college savings plans.span class="more"> read more |
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| Not sure whether your child will go to State U? That doesn't necessarily mean that a prepaid tuition plan isn't the better choice. Before dismissing this option, ask what happens to your investment in a prepaid plan if the child decides not to attend a state college or university. |
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