What is the best way to save money for college?
Of course the best way to save money for college will vary by family and circumstances, but one great way to save is with a 529 college savings plan, which allows you to put aside money for a future education. The money grows tax-deferred and, at least under current law, is tax-free when withdrawn if used to pay qualified education expenses. Contributors (usually the parents) retain control of the accounts, which also receive favorable treatment in financial-aid calculations.
