Today, most parents are saving money for their childrens college education 72 percent of them, according to a study by Fidelity Investments. But some 68 percent of students still graduate school with student loan debt, at an average of $30,000. Here are three ways you can elevate your savings strategy to help your kid graduate without debt.
Squeeze the most out of your 529
There are two main types of 529 college savings plans: prepaid plans, which are often modeled around costs for in-state public colleges; and savings plans, which operate similarly to a 401(k) and may be managed by a financial adviser. Both prepaid and savings plans are available in state-based 529s.
If your state offers a tax…
Read the full article at: http://www.csmonitor.com/Business/Saving-Money/2017/0110/Help-your-kid-graduate-college-debt-free