05.25.11 | Saving for College
There are a lot of ways to save for college, and some can be better than others. In this blog I’ll describe some of the best college savings options and what the advantages and disadvantages are.
College Savings Plans (529 Plans)
529 Plans are education savings plans based on state. Each state has different requirements and fees so it’s important to check your states restrictions before opening a 529. There are 2 types of 529 savings plans- Prepaid tuition and College Savings plans.
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Volunteering is a great way to spend some free-time this summer. There are a lot of different ways to volunteer, such as tutoring or working in a soup kitchen or food pantry. There are also hundreds of not-for-profits nationwide who are in need of volunteers for all sorts of activities. If you’re interested in a specific field, look up local non-profits to see if there are any available volunteer opportunities in your area. Not only does volunteering make you feel good, but often academic clubs or societies require a minimum number of volunteer hours, so plan ahead and log some volunteer hours this summer!
Q: I’ve gone to a couple of college fairs, but I don’t really know what I’m supposed to do or what questions to ask. Do you have any advice?