For exact rates and guidelines talk to your financial institution representative. Other options include corporate stocks and bonds, U.S. treasury securities, money market accounts, and mutual funds. These are viable options for some families. Your banker or financial advisor can provide information on risk and rate of return. In 1997, Congress enacted changes in federal tax laws that will help many students and their families save and pay for college.
Interest is tax-free at withdrawal if used for higher education.
The new law also provides tax credits to help offset college costs. For more information, contact your tax consultant or financial advisor. The estimated total four-year costs of a UW education are based on a simple average of a UW System university tuition and a double occupancy dorm and meal plan. Toll-Free Information on the UW System HELP, the UW System educational advising telephone service, has professional staff to answer your questions relating to college costs, financial aid and saving for college. Copyright 1996 by the Board of Regents of the University of Wisconsin System.