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There are a number of ways a person can save for their child to go to college. Simply opening a high interest savings account and putting away a small amount each week or month from when the child is young. College funds can also be set up with major banks such as Bank of America.
What else can I help you with?
In Minnesota what happens to a child's savings account for college in a divorce?
In Minnesota, a divorce should not affect a child's savings account for college in a divorce.
When and how should I set up my child's college savings account?
You should start saving for you child's college savings account as soon as possible. A really good college savings plan is the 529 plan. With this plan you can set aside money for your child's college education and it will continue to grow tax free.
When can a parent start a college savings plan for their child?
There are several options for a parent to start a college savings plan for their child. Many parents do not start thinking about saving for college until their child is in their teens. Financial advisors say that it is best to begin a college savings plan once your child is born. This way parents can ensure that they will be able to save up enough money by the time their child graduates high school.
Where and how should I set up my child's college savings account?
A child's college savings account can be opened up at a bank. For example Wells Fargo and Bank of America. First, you walk in tell them that you are interested in setting up a college fund and then they'll help you get started.
529 College Savings Plans Make Your Child's Dreams Come True?
Saving for college can be a painful and uncertain prospect. Nobody can really predict where their child will want to go, or how much it will cost. When your child is born, 18 years seems so far away. Use a 529 college savings plan to protect your child's college savings and receive tax free growth. The money you set aside in a 529 plan can be used for tuition, books, and other college expenses. Additionally, money you set aside in a 529 plan can be transferred for the use of another person, particularly useful if you have a child that earns a scholarship or has expenses less than the amount you saved.
Where can one find information on child savings?
One may find information child savings from the official web site of Bank Of Montreal. They have some good programs that are designed for children to learn about savings accounts and provide government sponsored account to save for future college education.
What is a good way to start saving for college for my children?
Different states have different programs for saving and investing for your child's college. There are many programs that offer college savings, or a 529 plan.
What are the best child plans available for long-term financial security and education savings?
The best child plans for long-term financial security and education savings are typically 529 college savings plans and custodial accounts like UTMA or UGMA. These plans offer tax advantages and flexibility in saving for a child's future education expenses.
Will a college savings account help you get into college?
It will definately give you some smart and effective ways to save up for college, which is growing increasingly in cost. It can also help you budget and plan for which academic institution you plan on attending.
How can I start saving for my child's education?
College savings plans are called 529 plans. They allow you to prepay for your childs college education. You can read more about them at http://www.savingforcollege.com/
How do you keep mother from sending child to Japan?
How to keep Mother from sending child to Japan. Child 6 yrs.
What is a characteristic of the college savings plan?
it is administered only by states
