In 2018-2019, tuition and fees averaged $35,830 for private colleges, and $10,230 for in-state public colleges, according to Sallie Mae. It is recommended to start saving for college early on and the preferred savings vehicle we recommend is a 529 savings plan. Some of the benefits of a 529 plan are the following:
BFSG can manage client 529 accounts through my529 (Utah’s plan). If you want to find out more about 529’s or how to get started, give us a call.
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