Saving for College: Where Do You Start?

If you're thinking of getting a head start on college savings, you've got the right idea. The sooner you start, the less you'll need to save overall, thanks to the power of compound interest. Getting started is easy, and here are four ways to kick things off right:

Set up a college savings budget.

It's okay to start small. Even $10 a week adds up to $9,360 over 18 years-and that's without earning any interest. With a mere 4% return, you'd have $13,875. All for $10 a week.

Look for tax advantages.

529 plans are a great example. They're specifically designed to help save for college, and can offer tax benefits that really help out when it comes time to pay those tuition bills.

Take advantage of programs like Upromise

Upromise is a free program that offers rewards for things you buy every day. Over time, those rewards could add up to a big chunk of funds to use for college.

Learn more about our Financial Tools and Resources.

Please see the disclaimers below.

Any potential exclusions/limitations shown on this site are intended to be hypothetical examples and educational in a general nature only. They are not intended to represent an exhaustive list of actual exclusions present or not present in any Allstate policy. Carefully read your policy as the definitions, coverages and limitations contained in your policy supersede any information provided on this website.

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