A Parent’s Guide: How To Pay For College
Among a parent's proudest moments is seeing their child in a cap and gown when collecting a college diploma. However, handling the expense of a university education can be stressful given the continually rising costs. Fortunately, there are several ways to manage paying for a university degree affordably.
As a parent considering how to afford a child’s higher education, the best strategy is always to start planning early. Ideally, you will be putting money aside to pay your child’s higher education costs while they are still young. Moreover, several states grant special opportunities to save money for your child’s future education like Section 529 Education Savings plans.
You can even choose to save money for your child’s future degree with the help of the Coverdell Education Savings account, which enables you to add funds until your child turns 18.