Why start a college savings plan early?
The longer you wait, the more money you ll need to save to meet your goal. By the time today s newborns are set to enroll in college, four years at a public university will cost more than $200,000. While getting an early start is key, it s never too late to begin saving for the educational objectives of those you care about. Doing so can make a meaningful difference by potentially reducing the amount you or the account beneficiary may need to borrow to pay for school.
