Use the Educational Planning Center s College Funding Planner . There are many ways to save for college. Some offer you higher returns on your initial investment and some put your investment at greater risk. In While it may not have been pleasant at the time, many adults value the contributions they made to funding all or part of their college education. Start teaching your children the value of saving early.
Many banks offer youth savings accounts.
Even with just a few dollars every week or month, children can watch their accounts grow. Encourage your teen to get a part-time job during the school year, or for the summer. All or part of the wages can be put into a savings vehicle for college. Set aside all or part of allowances and gift money to help pay for college. The money saved can go a long way in paying for tuition, room and board, books or student activities on campus.