More than 1 in 3 (35%) parents have yet to do anything to plan
or save for their child’s college education.*

*Sallie Mae, “How America Saves for College,” 2018

Education savings solutions

What better gift can you give your child or grandchild than helping to start them on the road to financial well-being and avoid the crushing burden of student loan debt? Your Janney Financial Advisor can help you estimate future education costs, establish an achievable savings plan, and choose the best savings vehicle for your needs.

A calculator

529 college savings plans

Tax-advantaged accounts specifically designed to save for college tuition and expenses where you (the account owner) name a child, grandchild, or other relative as the account beneficiary (which can be changed as needed) and control distributions from the account

A checklist and a pen

Coverdell educational savings accounts

Government-sponsored tax-advantaged savings accounts that can be used to pay for for primary, secondary and university/college level educational expenses, but contributions are limited to $2,000 per year

Uniform gifts to minors/uniform transfers to minors accounts (UGMA/UTMA)

Custodial accounts for educational saving where the child is the owner of the assets which are managed by a named custodian.

 

Did you know that under the new Tax Cuts and Jobs Act, 529 Plan accounts can now be utilized to help pay for a wider range of educational expenses — including elementary and secondary school tuition and fees at any accredited public, private, or religious institution?

Talk with a Janney Financial Advisor

You don’t need to go it alone. We can help you navigate financial questions and give you greater confidence about the future.

Find a Financial Advisor 

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