How to Start Saving for College the Easy Way

Many families are facing unprecedented financial uncertainty and are being extra cautious about where and how they invest their hard-earned dollars. Over the past 40 years, college tuition rates have been consistently increasing at two to three times the rate of inflation each year. When it is time to pay for college expenses, Edvest can be used at federally accredited technical colleges, college and universities, graduate, and professional schools across the county – and even many colleges abroad. Additionally, funds saved with Edvest can be used to not only pay for tuition, but also living expenses, books, computers, and tablets as well as related technology expenses such as Internet access. A 529 plan like Edvest offers numerous advantages when it comes to saving for college, including: low contribution amounts (you can start with just $25), easy-to-use savings tools and in-state tax benefits for Wisconsin residents. We spoke to Kathy Blumenfeld, Secretary of Wisconsin Department of Financial Institutions about how Edvest is designed to help families save for higher education expenses and improve their financial wellness. Families have access to college savings calculators to get a better idea of how much college will cost, research investments, FAQ library and other info about how to get started. You can find these resources and more by visiting www.edvest.com.