It's never too early or too late to start saving!
This is the ideal time for students and parents to invest in their future by starting to save for college. A new Sallie Mae study conducted by Gallup, How America Pays for College, found that only 9 percent of families paid for college last year using a college savings fund, such as a 529 college savings plan. An additional 12 percent of parents paid using other savings and investments; however, they missed out on the tax-advantaged benefits that saving-for-college-specific financial instruments have to offer.
Experts are available from Sallie Mae, the nation’s leading paying-for-college company, and its subsidiaries Upromise Investments, one of the nation’s leading administrators of 529 college savings programs, and Upromise® rewards, the largest private source of college funding contributions in America.
Interview an expert
To schedule an interview with one of our experts on planning and paying for college, contact Erica Eriksdotter at (703) 984-5628. Media inquiries only, please.
Related topics
Applying for financial aid
Maximizing education tax benefits
Evaluating financial aid award letters
Visiting college campuses
Last-minute financing
Managing student loans