The future of student loan forgiveness proposals is still under debate highlighting the need to save for college.
The last two years of high school are important for college-bound students to prepare.
For high school freshmen with college as a long-term goal, the high school years are a critical time to focus more on preparing for college.
Some families may not fully understand the price of tuition and fees, leading them to underestimate or overestimate what will be needed. And students may be reconsidering their goal of higher education because they believe it’s too expensive.
Students may want to consider using a Roth IRA to save some of their summer earnings.
Here are some saving strategies using 529 savings plans that may help students maximize their eligibility for financial aid.