College funding strategies should balance your retirement needs with your children’s education goals – secure your own financial future first.
You can borrow for college expenses, but you can’t borrow for retirement.
529 education savings plans offer tax advantages but have restrictions on how money can be used.
Consider whether your child might qualify for need-based financial aid before saving too much in their name.
Encourage children to contribute to their education costs through work, scholarships, and choosing affordable schools.
5 Flexible Alternatives to a 529 Plan if You’re Saving for College
