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A college saving fund is a fund in which your parents, or grandparents, can start up for you at an early age. They put it in a bank or a entrust a company that is specifically for college saving funds and over time, the amount of money they put in grows. By the time you go to college, you will have enough money to provide you with financial stability. A type of plan is a 529 plan and information can be found here: http://www.savingforcollege.com/intro_to_529s/what-is-a-529-plan.php
What else can I help you with?
Should a person have a savings account for college?
Yes, a person should have a savings account for college. If you do not qualify for a scholarship you will need the funds to pay for your tuition and books.
What college savings plan is the best tax advantage for someone just beginning to save with a limited amount of years before college?
A 529 College Savings Plan is a savings account dedicated to college or other educational funds by the IRS with a federally approved tax break. You can contribute directly from you adjusted gross income, and through direct deposit.
How many different investment programs are offered by Blackrock mutual funds?
There are three investment programs offered by Blackrock Mutual Funds. They offer the College Advantage program and the Mutual Funds program and the Retirement savings program.
What do the numbers mean in a 529 college savings plan?
The 529 college savings plan helps people save money for college. The 529 comes from the Internal Revenue Service code section that created the savings plan in 1996. This plan is operated by the university or college.
What services are offered by American Funds?
American Funds offers resources for those who are looking to make investments. They offer information for college savings, retirement planning, and other financial resources.
Could you explain how a 529 savings plan works?
A 529 Plan is an education savings plan operated by a state or educational institution designed to help families set aside funds for future college costs.
Sending a child to college through savings?
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 are mutual funds in regards to retirement savings?
Mutual funds are shared investments that are open to most people. In regards to retirement savings, one can use mutual funds to gain a steady supply of money.
Where is a good place to put a college savings fund?
A good place that you can put up a college savings fund would be at bank that provides a product that offers interest on your funds but also has very minimal risk. Such products are available from banks like Bank of America and Signature Bank.
Where are the headquarters of College Savings Bank?
The College Savings Bank headquarters are located in Princeton, New Jersey. The College Savings Bank offers a range of investment, plans and savings options.
What does an increase in savings do?
Provides more funds for investment
What do an increase in savings do?
Provides more funds for investment
