What are some options for saving for my childs college education?

Titanic112406 · #1 (**permalink**) 03-23-2008, 09:33 PM

My child is 11. I am a single parent. Should I buy into my states college credit savings plan? What if my child ends up with a sports scholarship, would I lose those college credits? Should I buy bonds instead?

magy · #2 (**permalink**) 03-23-2008, 09:33 PM

Look into your state's '529' plans, or look online at discount brokerages like Fidelity, where you can put away as little as $25 a month.

But honestly, unless you're funding your retirement accounts for YOU to their MAX, your child should plan to pay for college herself- sounds harsh, but a tough reality these days.

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