Education

July 1, 2022

Learn about a 529 college savings plan, Coverdell Education Savings Account (ESA), and custodial accounts, plus tips on saving and paying for college. Or explore other financial planning topics:

3 Alternatives to Cash Gifts for Graduation

Schwab strategists share three ways to help improve the financial standing of your recent grad.

529 Accounts: When a Child Doesn't Go to College

Kid not going to college? Don't despair. Those 529 assets can be used for a variety of education costs.

Paying for College: Are Scholarships Taxable?

Scholarship money is generally tax-free provided the student is a candidate for a degree at an eligible institution and the money is used to pay for qualified expenses.

Saving for College: Custodial Accounts

Custodial accounts may not offer the tax benefits of 529 plans, but they can be used to fund expenses that 529 plans don't cover.

College-Bound Student? It's Time to Fill out the FAFSA®!

Don't assume you won't qualify for college financial aid; file the FAFSA® early to maximize your opportunities.

Saving for College: 5 Costly Mistakes to Avoid

A 529 college savings plan offers many advantages, but it can come with some surprising pitfalls. Here are five mistakes to avoid.

First Steps for Your Baby’s Financial Future

New baby? There's a lot to think about—including your child's financial future. College is a major savings goal, but there's even more to consider.

9 Tips for Teaching Kids About Money

How do you foster financial independence and financial literacy among young people? Two Schwab experts share their tips.

Help! My Student Loans Are Due Again!

With the right strategy, you can pay off debt while at the same time building a strong financial foundation.

Own a 529 for a Grandchild? Read the Fine Print

Know the rules for paying for college with a nonparent-owned 529 account if you’re considering funding a grandchild’s education.