College costs can feel overwhelming — four years at a public university run around $120,000 according to the College Board 2025. But you don’t need a perfect plan to get started.
There are savings accounts specifically to save for education. Many offer tax advantages and don’t require a minimum opening deposit.
One type of account is a 529 college savings plan, and it’s a smart choice for many. Earnings grow tax free, and distributions for qualified education expenses are federally tax free. And anyone — including grandparents — can contribute.
One easy way to save is to set up automatic contributions and let time do the heavy lifting.
When your expenses change – such as the end of daycare costs — redirect that money toward your education fund. Tax refunds and bonuses help, too.
Just don’t let college savings crowd out your retirement fund. Loans exist for college but not for retirement.
It’s never too early to begin saving for your child’s education.
Jacob Anderson / Financial Advisor / 28200 HWY 189 Suite 03-160 / Lake Arrowhead, CA 92352 PH: (909) 337-8188. This content was provided by Edward Jones for use by your local Edward Jones Financial Advisor. Edward Jones, Member SIPC.
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