Start Saving For College With These Plans

August 19, 2024
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Starting to save for college can seem like a daunting task, but it's important to get started as early as possible. A college savings plan is a tax-advantaged investment account designed to help families save for future college expenses. There are two main types of college savings plans: prepaid tuition plans and college saving investment plans. Prepaid tuition plans allow families to purchase tuition credits at today's prices, lock in future tuition rates, and avoid fluctuations in college costs. College savings investment plans, on the other hand, grow tax-free and can be used for any type of college expense, including room and board, books, and fees. College savings plans offer a variety of benefits, including tax breaks, flexibility, and peace of mind. When it comes to saving for college, a college savings plan is one of the smartest options available.

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