Funding your child's college education can seem like a daunting task, but if you start early, you can build up substantial savings with relative ease. The power of compound interest only works when you give it plenty of time to work. Even if your son or daughter is approaching their first year of college, it isn't too late. There are many tax benefits available for college savings, so even if you can't take advantage of 10 years of growth, you might be able to save money on taxes. Find out how much money you can save for your child's education by looking at the following examples.
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College life is one of the most expensive phases of education & of life as well and saving money for college is always challenging. I truly appreciate all your work and moreover delivering a great deal of vital tips to the readers. Thank you for sharing.
I have 529 plans for my kids. One son is a jr. in high school. I just attended a college fin. aid meeting at the high school and learned his 529 Plan will count against him for grants and financial aid calculations! Doesn’t seem fair to me!!