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Saving For College? Why Bank Accounts Aren’t Smart
Get smart about your child’s college savings plan while avoiding taxes with a 529.
Parents, particularly those under 35, are increasingly confident they can afford college for their children, but underlying that optimism is a hint of caution. A new survey from student loan lender Sallie Mae warns that if economic growth does not keep up with inflation, then they may not have enough despite their best intentions.
The latest “How America Saves for College” report, released by Sallie Mae on Thursday, finds that the number of parents saving for college jumped to 57 percent, from 48 percent last year. The average amount saved is now $16,380, up from $10,040 in 2015 and $15,346 in 2014.
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The latest “How America Saves for College” report, released by Sallie Mae on Thursday, finds that the number of parents saving for college jumped to 57 percent, from 48 percent last year. The average amount saved is now $16,380, up from $10,040 in 2015 and $15,346 in 2014.
...Read More
Solve This Buddhist Riddle for Financial HappinessAn interview with author, Bari Tessler, about her new book that explores the history and emotion behind your budget. |
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Save Money for Kid's College By Locking Up the FundsDon’t get caught with your hand in the cookie jar. Use these alternative investing ideas to help save for your kids’s college. |
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College Savings Accounts: Understanding What You Can Do With a 529 PlanWhat can you do with the savings if you no longer need it? Or if one child's education costs more than the other? Here are a few stories. |
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