The happenings "inside" the Wisconsin State Treasury and across the street at the State Capitol

College Savings

Money Matters: Saving For College


Saving For College

saving for college

A college education is the ticket to the middle class in the United States. But it’s an expensive ticket, and the cost rises every year.

The overall annual cost for a college education ranges from about $7,000 for community college to $35,000 for a private school, according to US News & World Report.

Our friends at www.practicalmoneyskills.com help map out a college savings plan that works for you.

Start Early
Those are some scary numbers. But if you have the benefit of time, they’re not as bad as they seem. Here are some steps you can start taking today:

  • Go over your monthly finances and find a little extra money you can put away. Even $50 or $100 can make a big difference.  Opening an Edvest (Wisconsin’s College Savings plan) is a great start!  www.edvest.com.
  • Make a commitment to devote at least that amount each month, and to add to it as your income increases.
  • Shop around for the best interest return you can get for your money.

High Return
Because the cost of college is rising faster than inflation, it’s smart to invest your savings to get a higher interest rate than a typical bank can offer. Consider putting your money into:

  • Stocks
  • Mutual funds
  • Bonds

Help Paying for College
One important thing to keep in mind is that you won’t necessarily have to come up with the entire cost of college. All higher education institutions offer financial aid in the form of grants and loans. These are most often funded by the federal government. But there are also often aid offerings from the state and from the school itself. Be sure to look into all the options available.


FAQ Edvest: Is there a Way to eGift with Edvest?


pig with santa hat

YES!  What better way to honor your little one than by investing in their education this holiday season!  It’s easier than ever through Edvest College Saving’s e-gift option.  With our e-Gifting option, you can invite family and friends to make a contribution through our secure website in just a few clicks. There’s even a selection of gift certificates that can be printed so they can share the good news. With e-Gifting there are no checks to be mailed or deposited.

For more on how to invite friends and family to e-Gift, CLICK HERE

edvest


FAQ Edvest: Is There A Way to eGift to an Edvest Account?


Baby College

YES!  What better way to honor your little one than by investing in their education this holiday season!  It’s easier than ever through Edvest College Saving’s e-gift option.  With our e-Gifting option, you can invite family and friends to make a contribution through our secure website in just a few clicks. There’s even a selection of gift certificates that can be printed so they can share the good news. With e-Gifting there are no checks to be mailed or deposited.

For more on how to invite friends and family to e-Gift, CLICK HERE

edvest


FAQ Edvest: Is There a Way to eGift to an Edvest Account?


pig with santa hat

What better way to honor your little one than by investing in their education this holiday season!  It’s easier than ever through Edvest College Saving’s e-gift option.  With our e-Gifting option, you can invite family and friends to make a contribution through our secure website in just a few clicks. There’s even a selection of gift certificates that can be printed so they can share the good news. With e-Gifting there are no checks to be mailed or deposited.

For more on how to invite friends and family to e-Gift, CLICK HERE

edvest

 


FAQ Edvest: EGifting this Holiday Season!




pig with santa hat

What better way to honor your little one than by investing in their education this holiday season!  It’s easier than ever through Edvest College Saving’s e-gift option.  With our e-Gifting option, you can invite family and friends to make a contribution through our secure website in just a few clicks. There’s even a selection of gift certificates that can be printed so they can share the good news. With e-Gifting there are no checks to be mailed or deposited.

For more on how to invite friends and family to e-Gift, CLICK HERE

edvest


FAQ Edvest: Who Can Open A College Savings Account?


Any individual with a Social Security number or federal Taxpayer Identification Number who is a U.S. citizen or resident alien can open an account and contribute to an Edvest account on behalf of any beneficiary. You can even open an account for yourself. An organization described in Section 501(c)(3) of the Internal Revenue Code, an estate or a trust may also open an account. Such entities will be subject to additional restrictions or administrative requirements and may not open an account online or participate in e-Delivery. Open an account today.
OST Design large sealedvest

FAQ Edvest: Who Can Open And Edvest Account?


Any individual with a Social Security number or federal Taxpayer Identification Number who is a U.S. citizen or resident alien can open an account and contribute to an Edvest account on behalf of any beneficiary. You can even open an account for yourself. An organization described in Section 501(c)(3) of the Internal Revenue Code, an estate or a trust may also open an account. Such entities will be subject to additional restrictions or administrative requirements and may not open an account online or participate in e-Delivery. Open an account today.
 
OST Design large sealedvest