What is a College Savings Plan?

The article may contain affiliate links from one or more partners. Learn how we make money to continue our financial wellness mission.
  1. Home
  2. Knowledge Base
  3. College Planning and Financial Aid
  4. What is a College Savings Plan?

A College Savings Plan is a type plan that offers a choice of investment options, such as mutual funds, to save for future college costs. Many of these investments automatically shift to more conservative assets as the student gets closer to college age.

529 College Savings Plan

A 529 College Savings Plan is a type of tax-deferred retirement savings program available to employees of public schools, certain non-profits, and some members of the clergy.

Related Articles

Shop the Financial Marketplace Discover the Best Money Apps

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.