Education savings
Saving for your children's or grandchildren's educations? Going back to school yourself? Whatever your dreams, a good savings plan can help you get there.
529 plans
Enjoy a savings plan that offers you freedom and flexibility while
saving money for college tuition and expenses. Expenses may include, fees,
books and certain equipment. They also include the reasonable cost of room
and board, the student must be enrolled at least half-time. With a 529
college savings plan, you may also get certain tax and contribution advantages.
Learn more about 529 plans
Custodial accounts
Your child can use funds from these accounts for education, as well
as other expenses. Find out how this unique type of account may help
you save on taxes and more.
Explore custodial accounts
Coverdell education savings accounts
Contribute up to $2,000 per year per beneficiary for a child's elementary, secondary, and college education expenses. Withdrawals can be used toward private
school tuition, tutoring and computers, tax-free.
Evaluate Coverdell accounts
Strategies for college financial planning
An Ameriprise financial advisor can help you determine how much you'll need to put away, based on your educational goals, priorities and your situation. While some people take out loans to pay for education expenses, you may want to talk with a financial advisor before tapping your home equity, spending your retirement assets or using your credit cards to pay tuition.
Brokerage, investment and financial advisory services are offered through Ameriprise Financial Services, Inc. Member FINRA and SIPC.
Related information
Saving for college?
Consider different college funding strategies to suit your needs and goals.
Planning for education
Where to begin and how to start thinking about college financial
planning.
Education
savings planning
