Families with college-bound students may want to consider a plan with a dual approach to help achieve college planning goals.
Students may want to consider using a Roth IRA to save some of their summer earnings.
A 529 plan may be part of a strategy to utilize tax-advantaged savings to meet the rising cost of college.
Preparing to apply for college financial aid should begin well before a student even fills out his or her first college application. In fact, saving early and understanding the application process are important actions to take in order to maximize the potential for financial aid. SchoolFamily.com offers a college preparation guide with 15 ways to