Parents should follow these steps annually, since financial and family circumstances may change.
Anna in Riverside, Calif., thought she was doing the right thing by securing her child’s college education with a life-insurance plan. Then she read my column last week about the Gerber Grow-Up Plan, a whole life policy that provides pricey, unnecessary coverage for children.
Those who contribute to 529 college savings plans can take advantage of matching grants.
Total investment by American families in 529 plans has reached a record level of $179.02 billion.
High school graduates are more likely to go on to college today than in the past. Sixty-three percent of the year 2000 high school graduates had enrolled in college by the following fall, up from 52 percent of the class of 1970. (US Bureau of Labor Statistics) View All