Olivia from Vermont writes:My parents and I have been saving money for several years in order to pay for my college education. I'm still several thousand dollars short of my goal and I plan to enroll in the Fall of 2022 at a state university. Could you please consider assisting me with reaching my goal? Any amount, no matter how small, would help. I hope to become a social worker or work in a field helping others once I graduate.
I received Olivia's email and admired the fact that she and her parents
have been planning and saving in order to make her dreams come true. The cost of college is no small expense, and for most people, it requires years of saving, investment and sacrifice to pay for it.
With the cost of tuition, books, room and board and other expenses rising every year, it's more important now than ever before to find ways to pay for school that don't involve taking on massive debt at a young age (or any age, for that matter).
If your state has a College 529 plan, this is one of the smartest ways to save for your child's or grandchild's future. Saving a little bit each paycheck or making contributions to the account on a regular basis can really grow and add up over the course of 18 years.
I will make a $250.00 contribution to Olivia's college goals. If you can afford to put aside just $250 for your child's future today too, please do so!