Saving for College During the Elementary Years

How to Start Saving Early Through Scholarships and Shopping

By Heather Lynn, published Oct 06, 2006
Published Content: 15  Total Views: 81,437  Favorited By: 1 CPs
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Many of us with children in elementary school dread the day that we’re faced with bills for college tuition. We talk about our children going away to college to become veterinarians, lawyers, and even writers and race car drivers (hey, they have their own dreams), but who is going to pay for this education and more importantly, how. Our children may not realize that some of us haven’t started saving or that we even need to. Unfortunately, their dreams may be left behind as they step into the adult world. 

Whether you have already started building a nest egg or not, there are some easy ways for you to start saving pennies. I’m not going to talk to you about Educational IRAs or investment accounts, although you should definitely consider talking to a financial planner. I’m talking about things you can do now to start saving with no investment on your part. 

Takeaways
  • You can actually start saving money for college while you shop.
  • Children as young as 8 years old can start earning money for college through scholarships.
  • It's never too late to start saving for college, but it's better to start early.
Did You Know?
Children born today will face college costs that are 3 to 4 times current prices.
Resources
Comments
Showing Comments 1 - 3 of 3
 
 
Very good information. Trying to save a little for the grandchildren and this information will help get started early. Thank you for taking the time to post it.

Posted on 06/12/2008 at 7:06:56 AM

 
Thanks, Peggy! I hope the information is helpful. The great thing about programs like Upromise is that you can get other family members and friends to help you save. The scholarships can be an even better way to build your child's nest egg. My daughter is already participating in several scholarship opportunities. She loves it!

Posted on 10/20/2006 at 12:10:00 PM

 
Thank you for the information, I'm a signal mother of 4 children and I have alot of saving to be doing, but with this ggreat inofrmation this will help me and any information will help. Thanks again

Posted on 10/12/2006 at 5:10:00 AM

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