Saving
for your child's college education will be one of the most
important financial decisions in your life — likely,
second only to your own retirement. With the cost of college
outpacing inflation, parents need to begin saving for their
children's education as early as possible. This step-by-step
guide will help you build the framework for your child's
college savings plan. In the first step, we will show you
how to estimate the cost of college. The second step will
describe the various college savings plans, including Section
529 Plans and Education Savings Accounts. Next we will discuss some
sources of financial aid, such as loans and grants. We will
also provide our recommendation in our College Planning
Overview. The last step will provide you with useful links
to gain more insight into college cost planning.
If this is your first time
reading the College Cost Planning series, start at the beginning
by clicking the link at the bottom. We will work through
the entire process step-by-step. You can also skip ahead
to a particular area you are interested in by clicking any
of the links below.
