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Saving for College

The earlier you start saving for college, the more prepared you will be.

The Basics

How much should I save for college?

What will college tuition cost in five to 10 years? While we don’t have a crystal ball, we can look at historical data to give you a sense of what you should be saving.

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What is a 529 Plan?

A 529 savings plan is a type of tax-advantaged savings account specifically for college educational costs. Here's our full guide.

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What can my 529 plan be used for?

You can use a 529 college savings plan to pay for tuition and fees, books, room and board, and other eligible expenses at eligible institutions.

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What happens to a 529 plan if I don't go to college?

There are several ways to use your 529 funding if you don't plan to attend college, including using the funds for vocational training.

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Frequently Asked

Should I save for retirement or save for college?

Here's how one financial advisor suggests his clients decide what's right for them.

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Will my 529 account impact financial aid?

Yes. Parent, student or other relative-owned 529 plans will have varying effects on financial aid! See how.

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Can a 529 have multiple beneficiaries?

A 529 plan can have only one beneficiary at the time. Read about how to manage savings with more than one child.

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How do I choose a 529 plan?

Factors that you should consider when choosing a 529 plan include your residency, investment preferences and options, and where you plan to attend college.

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How much can you contribute to a 529 plan?

Each 529 college savings plan has a contribution limit designed to cover the total cost of college, in some cases including graduate school.

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