Save for College the Right Way

Saving for college the wrong way could wind up costing you double, says Stuart Ritter, Sr. Financial Planner at T. Rowe Price.
By Gregg Greenberg ,

By Gregg Greenberg

NEW YORK (MainStreet)--College, as you may have heard, is expensive, and it gets even more expensive if you save the wrong way.

According to research done by Stuart Ritter, Sr. Financial Planner from T. Rowe Price, people who borrow to pay for college as opposed to paying with savings from a 529 plan can pay up to double. His survey also found that more parents are saving for vacations than they are for college.

In the video below, Ritter provides explanations to these findings and gives advice about how to open the best 529 plan for you.

Written by Gregg Greenberg for MainStreet

Loading ...