What are Some Ways to Save for College?
With the cost of higher education continually rising, it makes sense to save for college early. Putting a savings plan in place well in advance will help you be more prepared to pay for college when the time comes, so start today. There are some simple, low risk options available that will help you save for college, including Savings Bonds. The Treasury Department is a good source of information for learning which type of bond is best suited to your needs. Savings Bonds are also a handy way for relatives to help you save for college. Many grandparents give bonds for birthdays and holidays instead of or along with other gifts. If you receive money for such occasions, consider using that money to purchase Savings Bonds. Money Market Accounts can also help you save for college. They are very similar to your average savings account, are available everywhere, and offer a higher rate of interest. You’ll earn around twice as much as with typical savings accounts. There is usually a minimum ba
