A challenge for most parents with children is to determine how to save for their college education. As you know, the cost of a college education is rising at a rate greater than inflation. Saving for college as early as possible is a definite must for parents. But how do you know which college savings plan is the best to meet your needs?
A recent survey on How America Pays for College 2020 by Sallie Mae of almost 2,000 parents and students of college-aged children revealed that families continue to value and invest in a college education.1 The research showed that for the thirteenth year in a row, 9 in 10 American college families agree that college is an investment in the student’s future.
Cost of College