Saving for College

This handout discusses the various methods of saving for college. It includes information on contribution limits as well as tax benefits associated with each method of saving.

HIGHLIGHTS: 

1. Custodial accounts.

2. Savings bond interest exclusion.

3. Qualified tuition plans (529s) and education savings accounts (ESAs).

4. Qualified education expenses.

CLIENTS WHO MAY BENEFIT:

1. Parents of school-aged children looking to save for college.

2. Grandparents who wish to set up a college fund for grandchildren.