A Guide to College-Savings Options
We compare and contrast a few of the most common college-savings vehicles.
This article is part of our “Get It Done” week on Morningstar.com: All week we will feature articles and videos offering guidance on ways to help tackle those nagging items on your financial to-do list. A version of this article appeared on Oct. 20, 2015.
Is setting up a college-savings account for a child or grandchild an item on your to-do list? You know you should get it done; that matriculation date just keeps creeping closer. But finding the right vehicle to save for college can be daunting. There are many choices, and it can be difficult to discern the differences between each type of account.