Also, check out the new College Savings Plan of Nebraska . It's tax-advantageous, affordable and flexible. The plan is administered by the Nebraska State Treasurer and has been operational since January 1, 2001. 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 job part-time during the school year or for the summer. All or part of the wages can be put into a saving 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 toward paying for tuition, room and board, books or student activities on campus.