Why a 529 college savings plan is a great gift

Source: Sandra Block, USA Today

With the holiday shopping season fast approaching, gift givers have a couple of choices. You could venture out at midnight (or even earlier if you’re a Wal-Mart shopper) on Thanksgiving and battle for a deeply discounted flat-screen TV or Xbox that will make the little ones squeal with delight.

Alternatively, you could stay home and invest that money in a 529 college savings plan. This gift will no doubt convince your children that there really is no Santa Claus, but years from now, when they graduate from college without student loans, they’ll thank you.

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savings, colleges

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