I want to FINANCE A COLLEGE EDUCATION

There are many ways to save for your children's college education. One of the more financially sound methods is a  College Savings Plan.

Some key points of these plans are :

• The money you invest grows federal income tax-free.
• The withdrawals you make are exempt from federal taxes [for qualified education expenses].
• You can open an account for just $25 per month or less. How much you can contribute may be different from plan to plan.                     
• Most plans allow students to use the funds to pay for qualified educational expenses when attending any accredited college in the United States.
• If a student decides not to attend college, or if the student finishes college without using all the funds available, the plan usually can be transferred to another member of the child’s family.

Learning to Save for College requires good information and advice. Read more by clicking on the article links to the right or…..

If you would like to TALK TO A PROFESSIONAL from You Control Your Money.Org about College Savings Plans we offer free or low-cost help from caring counselors who can assist you in determining what steps to take next.

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