From diapers to graduation caps
College graduates earn 68% more than high school graduates while experiencing lower unemployment. Yet, in 2015, a year at a public university averaged more than $23,000, while a year of private school was approximately $40,000.*
We can help you use different tools, like a 529 College Savings Plan, to save for higher education expenses like tuition, books and supplies for your children. And the best part? Not only can anyone contribute to your child’s account while you maintain control of the assets, but these earnings can be withdrawn tax free.
What if they don’t pursue an education after high school? No problem. You can designate those funds for the education of a different family member.
*Source: Current annual college cost figures are obtained from Peterson’s. The college costs may include tuition, room and board, books and expenses as reported by Peterson’s. Copyright © 2016 Peterson’s a NeInet Company, and its licenses. All rights reserved.
529 withdrawals used for qualified expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.