The advantage of starting earlier

The advantage of starting earlier

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 chart below shows the difference that starting early and saving monthly can make over time. Investing $200 per month when your child is born could add up to $77,858 in total savings at the start of college. However, waiting just five years means that you could need to save an extra $130 per month ($330 per month total) to potentially reach that same goal. Or consider it this way: if you start saving $200 monthly at your child’s birth, you could have over $30,000 MORE than you would by waiting five years to start saving the same amount. That’s the power of compounding and tax-deferred growth!