Students with a college savings account are four times more likely to finish college than students without college savings. With college tuition rising at alarming rates, it's critical for families to start thinking about and saving for college early. Investing in students and educating them about their college savings account from an early age will prepare them to know college is attainable.
Setting weekly, monthly, or yearly goals to save for college quickly adds up over time. Small contributions, even $20 a month, can help offset the cost of books, tuition, and more. Saving just $20 per month from the time a child starts kindergarten to the time a students graduates high school, amounts to $3,120.