When Funding Your Child’s Education, Let’s Not Repeat History

Key Takeaways

  • Student debt has doubled over the past seven years.
  • Newly minted 2016 graduates have an average of $37,000 in debt—some have debt loads in the six figures.
  • 529 plans are excellent, tax-advantaged ways for most parents and grandparents to save for a child’s education. Start saving as early as possible in the child’s life.