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5 Smart College Savings Options for Millennial Parents

If you’re a Millennial with kids, then you know how expensive they can be. And if you choose to send your kids to private school, then you’ve probably realized that education costs will comprise some of your heaviest financial burdens as a parent. These costs can begin as early as preschool, and continue as late as graduate school. While Fidelity’s 2015 College Savings Indicator Study revealed that 69 percent of Millennials in the US are actively saving for their children’s college education, it also indicated that these same families are on track to meet just 27 percent of their savings goals by the time their kids are ready to enroll. With tuition costs on the rise, it’s crucial that you maximize your college savings today. These five savings options will improve your chances of meeting your children’s tuition costs between now and their freshman year. Coverdell Education Savings Account Generally…

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