Education Funding

Expanding your family? Whether you’re in the planning stages or your bundle of joy has already arrived, raising a child is one of life’s greatest joys — and biggest expenses — and we're not just talking about the costs of college.

A common question parents have is, “How might I save for a child’s post-secondary education in a tax-beneficial way?” The answer depends on how much the education is expected to cost and how much time is left until the child heads off to college or a university or enters an apprenticeship program.

September is College Savings Month, and many states will be striving to educate families and future students on how to save wisely for what may be one of the biggest and most important investments in their lives. An easy and affordable way to plan ahead for the cost of college is to use 529 plans. There are, however, many misconceptions surrounding them.

According to a new AICPA survey, the majority of Americans say they would have paid for college differently if they had the chance to do it again. In fact, 68% of adults with college loans or whose children have loans said they regret how they financed their own or their children’s education.