8 TIPS FOR PARENTS GETTING A LATE START SAVING FOR COLLEGE

Most parents want to set money aside in their student’s college fund, but that doesn’t mean all of them can get started right away.

Fortunately, even if your student is in high school, it’s still possible to sock some money away for their future college expenses.

1. 529 EDUCATION SAVINGS PLANS

When you need to set money aside for your student’s college, a 529 Plan can make it easier, even if you’re a bit short on time.

2. 529 PREPAID TUITION PLANS

Another type of 520 Plan, prepaid tuition plans, don’t involve investment accounts, which can make them a better choice for risk-averse savers.

3. UPROMISE ACCOUNT

Upromise is technically a rewards program, allowing parents to set money aside for a student’s college by making everyday purchases at participating retailers.

4. SCHOLARSHIPS

When it comes to paying for college, scholarships are an excellent option, particularly if you’re short on time.

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