{"id":6466,"date":"2025-08-01T08:42:11","date_gmt":"2025-08-01T13:42:11","guid":{"rendered":"https:\/\/stpaulfcu.org\/?post_type=education&p=6466"},"modified":"2025-08-07T09:07:42","modified_gmt":"2025-08-07T14:07:42","slug":"saving-for-college","status":"publish","type":"education","link":"https:\/\/stpaulfcu.org\/education\/saving-for-college\/","title":{"rendered":"Saving for College"},"content":{"rendered":"\n

It’s Never Too Late to Start Saving for College.<\/h2>\n\n\n\n

Saving for College is a year-round endeavor. No matter what time of year you\u2019re reading this, it\u2019s always a good time to start.<\/p>\n\n\n\n

During spring, colleges and universities start ramping up for the annual contest of which school will get which graduating high school senior. It\u2019s a fun and exciting time for most graduating students. But ask any parent who\u2019s been through that, they may tell you it brings panic and worry about their kid leaving home while simultaneously trying to figure out a way to pay for it all.<\/p>\n\n\n\n

When it\u2019s time for your kid to leave for college, you don\u2019t want to end up sweating like a student on test day who didn\u2019t study for a final exam. That\u2019s why it\u2019s best to plan now. More and more parents are making early plans when it comes to their saving for their children\u2019s college education. You\u2019ll have a lot less to worry about and more time to live in the moment with all that enthusiasm, excitement and promise of new things to come.<\/p>\n\n\n\n

A good way to get started is to look at an online college cost calculator. Seeing a realistic breakdown will give you a chance to estimate overall expenses for a particular school and will help you choose the best savings plan.<\/p>\n\n\n\n

Once you have an idea of what the costs will be, it\u2019s time to start saving. Here at St. Paul Federal Credit Union, we can help with Tax-Free College Savings<\/a>.<\/p>\n\n\n\n

Saving for College with a Coverdell Education Savings Account<\/h3>\n\n\n\n

Enjoy tax-free withdrawals for higher education expenses with a Coverdell Education Savings Account from St. Paul Federal Credit Union.<\/p>\n\n\n\n

Once you open a Coverdell Education Savings Account<\/a>, you\u2019ll be able to make tax-free contributions of up to $2,000 per child, per year until the child reaches the age of 18. Another great reason to invest in a Coverdell Education Savings Account is the money you invest does not count against the maximum you can invest in your other IRAs.<\/p>\n\n\n\n

If you\u2019re needing to borrow money for college, you can find Private Student Loan Options<\/a> at St. Paul Federal Credit Union – we can even consolidate existing student loans as well.<\/p>\n\n\n\n

It\u2019s never too early to start saving for your child\u2019s education. Get started today with St. Paul Federal Credit Union<\/a>!<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

It’s Never Too Late to Start Saving for College. Saving for College is a year-round endeavor. No matter what time of year you\u2019re reading this, it\u2019s always a good time to start. During spring, colleges and universities start ramping up for the annual contest of which school will get which graduating high school senior. It\u2019s […]<\/p>\n","protected":false},"featured_media":6467,"template":"","education-category":[194],"class_list":["post-6466","education","type-education","status-publish","has-post-thumbnail","hentry","education-category-tips-resources"],"yoast_head":"\nSaving for College - St. Paul Federal Credit Union<\/title>\n<meta name=\"description\" content=\"Saving for College is a year-round endeavor. 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