15 Surprising Ways to Save Money to Invest in College Education

I was the trial-and error kid of my family. Being the firstborn has its first kid merits and then- there's the flip side. My college education was beyond a reasonable doubt a learning experience, not only for me, my parents had a lot to learn about financial planning, as well. Here I am as a parent today with one kid already down and two more kids to go along the path to higher education. Now that we live in New York, our family has learned about the money-saving advantages of a New York 529 College Savings Program Direct Plan. Take a look at these 15 surprising ways to save money to invest in college education.

Disclaimer: Compensation was provided by NY 529 Direct via Momtrends. The opinions expressed herein are those of the author and are not indicative of the opinions of NY 529 Direct or Momtrends.

15 Surprising Ways to Save Money 

to Invest in College Education

Finding out about the NY529 College Savings Program Direct Plan was a financial game-changer for our family. My daughter is learning to include the magical, free money from tuition loans into her financial budget and my boys are just as carefree and clueless, as my daughter was at their ages. The NY529 Direct Plan is an investment account useful for Higher Education savings, usually sponsored by the state, allowing your earnings to grow federally tax-deferred, qualified withdrawals are tax-free, and some states, have other tax benefits (thanks, New York!).

Parents, family, and friends a U.S. citizen or a resident alien. As an account owner, you'll pick investments, assign a beneficiary, and determine how the money is used. If you're a New York State taxpayer, you can also benefit from the state tax deduction.

As a mom that has become quite familiar with the many expenses of my kids' education, saving now toward their future qualified higher-education expenses, such as their tuition payments, books, curriculum supplies, equipment, qualified expenses for the purchase of certain computer equipment, software, and computer-related services, and also certain room and board fees, is an investment worth taking advantage of today.

Your NY529 Direct Plan account offers conservative, moderate, and aggressive investment options that can be allocated to pay for qualified higher-education expenses at any eligible educational institution, including, Post Secondary Trade and Vocational Schools, 2- and 4-year Colleges, and Post-Graduate programs. Let's explore these 15 surprising ways to save money to invest in college education.

Here's how simple it is to open an account today! Interested in finding out more information? Give a call to speak directly with an education savings specialists at 877-NYSAVES (697-2837) about receiving your copy of the Disclosure Booklet and Tuition Savings Agreement also available at www.nysaves.org. This information includes investment objectives, risks, charges, expenses, and other important details to consider. Read and consider all information carefully before any investment.

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Please Note - All investing is subject to risk, including the possible loss of the money you invest. Investments in bonds are subject to interest rate, credit, and inflation risk. Investments are not guaranteed or insured.

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