How to Save for College to Help Lower Your Financial Burden?

We all have unique financial needs and obligations; however, these saving for college tips are a great starting point for you. 

Open a Coverdell Education Savings Account (ESA)

Though an ESA only allows you to contribute up to $2,000 a year per child it follows an after-tax structure, which allows your savings account to grow tax-free. 

UTMA/UGMA Custodial Accounts

These accounts give you complete control over the money and account until the beneficiary reaches the age of 18. 

Within your selected 529, you can invest your money freely, and the gains you make from your selected investments are not taxed when used for educational purposes.

Create a 529 College Savings Plan

Money Saving Alternatives to College 

Although, today we primarily highlighted ways you can save money for college, sometimes college isn’t the best choice for you or your children. 

Consider a Trade School 

Want to know how electricians, plumbers, and select contractors all got their start? At a trade school! 

Online educational programs are adaptive and will provide you the flexibility to work simultaneously while you finish up your degree.

Sign-Up for an Online Program

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