Saving now can help make a big difference later.
Give your child a head start on their college savings. It’s never too late to start saving for your child’s college, but the earlier you start, the better.
Every contribution can add up. The more you are able to save today, means the less you may have to borrow tomorrow. Investing $200 per month when your child is born could add up to $77,066 in total savings at the start of college. Even if you are not able to contribute $200 a month now, every little bit you are able to save helps. The full sticker price of college can be daunting but saving what you can when you can, will help you get closer to your education savings goal.
This chart shows the potential growth of contributing different amounts monthly over time.