At Northwestern Mutual, we believe everything should be part of a larger financial plan, based on your unique situation. We look at everything you have going on—your goals, needs, and priorities as well as your savings and spending habits. Then we'll make recommendations that will work with your financial plan, and help you achieve everything you want. Over 4.3 million people have put their trust in Northwestern Mutual for their financial planning goals. We'd love to help you plan for your child or grandchild's college education.
529 plans are a flexible way for parents, grandparents or other loved ones to put money away for college tuition. A college savings plan lets you contribute to an account, which grows (tax-deferred) over time, and is also usually exempt from federal income taxes.More about 529 Plans
Coverdell accounts are unique, because they can be used to cover costs for kindergarten through 12th grade, as well as college. Like 529 plans, they grow tax-deferred. These accounts have a $2,000 yearly contribution limit and are subject to certain restrictions.
Our financial advisors can help you find the right products and services to help you save for college and show you how it fits into your bigger financial plan.Let's Talk
1Sallie Mae, 2017 https://www.salliemae.com/research/how-america-pays-for-college/