As if there isn't enough for parents to think about, paying for a child's education continues to get more expensive. With rising costs and the impact of student loans, it could be worth asking your loved ones to contribute to your child’s education with a gift to a College Savings Plan account. We know this can be uncomfortable to ask, and some children may not immediately appreciate the long-term gift of education in place of a toy.
Fidelity Investments offers guidance to help family, friends, and your children understand the importance of a college savings plan, as well as tips on how to manage the funds.
[Note: this does not constitute investment advice from Boston Doula Circle.]
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