Whether you’re attending college now, plan to in the future, or have a child or grandchild that will attend down the road, planning for the event is important. The potential tax benefits you receive for owning a college savings plan is just one of many benefits. Starting to save for future college tuition can be beneficial especially when considering that, the cost of college is always increasing. College tuition could be one of the largest expenditures you ever make, according to collegeboard.com.
- Calculator: How much do I need to save for college?